Credit: sdx15/Shutterstock.com The World was Not Quite Ready for a Crypto Implosion, Lawyers in Asia Even Less So
The lack of robust legal frameworks in different Asian jurisdictions means investors in the region face more risk when investing in digital assets, including cryptocurrencies such as stablecoins.
May 17, 2022 at 11:00 AM
6 minute read
Cryptocurrency
The original version of this story was published on Law.com International
Stablecoin TerraUSD's $45 billion implosion last week triggered hysteria in the crypto space. TerraUSD, which is a so-called algorithmic stablecoin that is meant to maintain a 1:1 peg with the U.S. dollar, collapsed on May 12 and at its lowest point last week, was valued at just $0.02.
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