Terra Classic presyoLUNC

South Korea’s cryptocurrency market is booming, with more than 16 million citizens—over 30% of the population—now holding crypto exchange accounts. This huge user base has led the country’s top traditional banks to push lawmakers for regulatory changes that they say currently block fair competition and limit innovation in the digital asset space, as per a report from local news outlet Money Today . At a high-level meeting held this week, executives from the nation’s largest financial institutions—KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, Jeonbuk Bank, and internet-only Toss Bank—urged lawmakers from the ruling People Power Party to revisit the one-to-one partnership rule between banks and crypto exchanges. Woori Bank’s President Jung Jin-wan argued that local exchanges should be allowed to partner with multiple banks, citing consumer limitations and institutional demand. Under current law, each crypto exchange in South Korea must partner exclusively with one bank to offer fiat-to-crypto services, a regulation aimed at preventing money laundering and ensuring real-name verification. While effective in enforcing accountability, critics argue that it has created an uneven playing field, allowing some banks to reap massive user growth while others are left out. Related: Survey: Nearly 50% of Korean Investors Expect US Tariffs to Harm Crypto Market and Drive Price Drops The prime example cited is K-Bank. The neobank that partnered with top exchange Upbit in 2020, saw its user base skyrocket from 2.19 million to 6.6 million in a single year. As of late 2024, that figure had nearly doubled to 12.7 million. This outsized growth, enabled by regulatory exclusivity, has made the current framework a contentious issue among South Korea’s major banking players. Data obtained by opposition lawmaker Cha Gyu-geun and reported by Yonhap reveals that South Korea’s crypto user base surpassed 16 million following US President Donald Trump’s election win last November. That number represents nearly one-third of the country’s population, with holdings totaling more than 102.6 trillion won ($70.3 billion). Analysts are predicting the figure could hit 20 million by year-end, despite concerns of market saturation. Related: Google Play Store Boots Unregistered Exchanges in South Korea On the other hand, a recent report from the country’s Ethics Commission for Government Officials revealed that more than 20% of high-ranking public servants hold crypto assets, averaging 35.1 million won ($24,000) each. The disclosures—totaling 14.4 billion won ($9.8 million) across 411 individuals—include holdings in mainstream tokens such as Bitcoin, Ethereum, XRP, Dogecoin, and LUNC. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

$LUNC $LUNC đã đến lúc mua lunc ngay bây giơ , nếu như bạn không muôn bỏ lỡ chuyêns tàu

1. $Bananas31 2. $Mubarak 3. $Gun 4. $Tao 5.$Bnb 6.$PI 7. $PEPE 8. $LUNC 9. $XRP 10.$ Other -------- Comment below your favorite altcoins you want to buy 👇✅️ follow for more updates and valuable informations

🔥 You have 100K USDT to spend on #crypto , what would you buy⁉️ 1. GHIBLI 2. Mubarak 3. VINE 4. KAS 5.PAWS 6.$PI 7. PEPE 8. LUNC 9. XRP 10. Other -------- Comment below 👇✅️

Terraform Labs, the company behind the failed TerraUSD (UST) stablecoin and Luna (LUNA) token, has announced the launch of a Crypto Loss Claims Portal to help creditors recover losses from the 2022 Terra ecosystem collapse. The portal, managed by Kroll Restructuring Administration, is set to go live on March 31 and will remain open until April 30, 2025, at 11:59 p.m. Eastern Time. Affected creditors must act within the specified timeframe to ensure their claims are considered in the bankruptcy proceedings. Failure to submit claims before the deadline may result in forfeiture of potential recoveries. To support their claims, applicants must provide proof of their holdings and losses. The verification process includes on-chain verification for assets on supported networks through a free transaction check, while assets on unsupported networks require manual submission of transaction logs, account statements, or a read-only API key. Once a claim is submitted, an initial determination or review notice will be issued within 90 days, and approved creditors will receive pro-rata payouts. However, some assets, such as Luna 2.0 in Terra 2.0 and cryptocurrencies with an on-chain volume under $100, will not be considered eligible. The Terra ecosystem collapsed in May 2022 when UST lost its peg to the US dollar, initially dropping to $0.98 before plummeting further, triggering a $40 billion market wipeout. In an effort to restore stability, Terraform Labs minted large amounts of LUNA, but this failed to stop the downward spiral. Reports later revealed that Terraform Labs and its founder, Do Kwon, secretly coordinated with a third party to purchase large amounts of UST in an attempt to prop up its price. As previously reported by Crypto News Flash , the U.S. Securities and Exchange Commission (SEC) later accused Terraform Labs of misrepresenting UST’s stability in federal court. Additionally, Terraform co-founder Do Kwon was ordered to pay $110 million as part of a settlement agreement, along with an additional $14.3 million in prejudgment interest. By January 2024, Terraform Labs filed for Chapter 11 bankruptcy in the U.S., reporting assets and liabilities between $100 million and $500 million. By September 2024, the company secured court approval to wind down its operations following a $4.47 billion settlement with the SEC. As part of the settlement, the SEC agreed to collect its settlement amount only after Terraform compensates crypto loss claims, ensuring that affected investors receive priority in recovering their funds before regulatory penalties are enforced. At press time, LUNC is trading at $0.00006265, reflecting a 5.77% decline in the last 24 hours but a 2.93% gain over the past week. Additionally, its trading volume has dropped by 25.29%, currently standing at $11.9 million.