UK Financial Authority to Consider Terra Massacre During New Regulatory...

44 seconds ago | 2 mins read Bitcoin News Pritchard referenced a recent Opinium poll by the FCA. In April 2022, the LUNA was valued at over $100; it is now worth less than a penny.
This year, the FCA (Financial Conduct Authority) in the United Kingdom “will absolutely need to take into account” the recent volatility in cryptocurrency markets while drafting a new regulatory framework.
Setback For the Global Crypto Adoption
This comes after FCA executive director for markets Sarah Pritchard shared her view on the sudden fall of the TerraUSD (UST) and LUNA stablecoins last week. Unsurprisingly, Pritchard referenced a recent Opinium poll by the FCA, which found that 69% of those under 40 who invested in cryptocurrencies wrongly assumed that they were regulated by the FCA and hence were unable to comprehend the absence of investor protection and the danger to their funds.
The algorithmic stablecoin TerraUSD has fallen from $1 to below $0.15 and is currently trading at even lower levels of roughly $.008, according to CoinMarketCap. In April 2022, the LUNA token was valued at over $100; it is now worth less than a penny.
Even Bitcoin, which was utilized...

Skye Warren is the New York Times bestselling author of dangerous romance. Her books have sold over one million copies. She makes her home in Texas with her loving family, sweet dogs, and evil cat.
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