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UK Regulator Scrutinizes Terra Fallout

  • Recent instability will need to be taken into account: FCA
  • The watchdog is working with the Treasury to develop new rules
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Failed Terra Stablecoin Rescue Costs $2.9B

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The UK’s market regulator is paying close attention to the chaos in crypto markets after the implosion of Terra, one of the biggest experiments in decentralized finance.