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Jul 8, 2022 09:50 UTC
| Updated:
Jul 8, 2022 at 09:50 UTC
The U.S. and South Korean governments have reportedly united to share information on current crypto cases, together with the case close Terraform Labs CEO Do Kwon and also the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST).
U.S. and South Korea to Share Data on Crypto Investigations
South Korea’s Justice Minister Han Dong-hoon met with U.S. prosecution officers throughout a visit to the big apple in the week, Yonhap wire service reportable Wednesdayday.
The U.S. officers present at the meeting enclosed Andrea Griswold, chief counsel to the U.S. Attorney and Scott Hartman, co-chief of the Securities and Commodities Fraud Task Force of the U.S. Attorney’s workplace for the Southern District of the latest royal line.
The officers from the 2 countries examined ways to boost cooperation within the investigation of major securities fraud and monetary crimes, together with those involving cryptocurrency. Specifically, they mentioned data exchange between the Seoul Southern District Prosecutors workplace and also the Southern District of the latest royal line workplace.
The two sides united to share their latest investigation information on current crypto cases, together with the case close to the collapse of cryptocurrency terra (LUNA) and recursive stablecoin terrausd (UST), the publication sent.
Both the U.S. and Republic of Korea are investigating Terraform Labs founder Do Kwon and also the implosion of Luna and UST.
South Korean prosecutors are trying potential fraud charges. In addition, the Korean government is considering imposing a unified listing customary on cryptocurrency exchanges.
In the U.S., the Securities and Exchange Commission (SEC) is investigating Do Kwon and whether or not the selling of UST before it crashed profaned investor-protection rules. The Luna implosion prompted SEC Chairman Gary Gensler to warn that a great deal of crypto tokens can fail. Meanwhile, U.S. lawmakers also are carving for the imperative regulation of stablecoins.
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