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Wanted Terra Founder Do Kwon Charged With Fraud by US SEC

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Wanted Terra Founder Do Kwon Charged With Fraud by US SEC

The Securities and Exchange Commission said Thursday it has charged crypto entrepreneur Do Kwon, and the firm he co-founded called Terraform Labs, “with orchestrating a multi-billion dollar crypto asset securities fraud.” The collapse of Terraform Labs last year wiped out about $40 billion (roughly Rs. 3,31,166 crore) of investors’ money and shook global crypto markets. … Read more

RBI Suggests Common Approach to Crypto Assets to Avoid Financial Risks

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RBI Suggests Common Approach to Crypto Assets to Avoid Financial Risks

To address potential financial stability risks and protect investors, it is important to arrive at a common approach to crypto assets, the Financial Stability Report released by RBI said on Thursday. In this context, various options are being considered internationally, it said. One option is to apply the same-risk-same-regulatory-outcome principle and subject them to the … Read more