South Korea’s financial regulators, the Korea Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), have launched “emergency investigations” into the IHR on domestic crypto-asset trading platforms.
According to the local press, Yonhap News Agency, the country’s financial regulators took action after the collapse of the IHR. The Korea Financial Services Commission (FSC) and Financial Supervisory Service (FSS) have asked crypto-asset trading platforms to share a range of information such as UST and LUNA transactions, trading volumes, and number of investors. The institutions were also asked to share the actions they took against the collapse of the IHR and their analysis of what caused it. An unnamed stock exchange official used the following statements on the subject:
“Last week, financial authorities requested data on the number of transactions and investors and evaluated the stock market’s measures on the subject. I think they are doing it to take measures to minimize the damage to investors in the future.”
As it is known, last week, the crypto money world was shocked by the collapse in LUNA and UST. After the crash, some financial regulators around the world took action.
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