SK Square din Coreea de Sud amână lansarea tokenului criptografic, iată de ce

South Korea-based SK Square, an investment arm of conglomerate SK Group, on Wednesday said it will delay the launch of its crypto token due to volatility and FUD in the crypto market.

In fact, SK Square initially planned to release its white paper in the second quarter and launch the SK Coin, a tentative name, in the third quarter.

SK Square Postpones Crypto Token’s White Paper and Launch

SK Square has decided to delay the issuance of SK Coin amid weak market conditions as a result of the Terra-LUNA crash and liquidity crisis, raportate South Korea’s Aju Business Daily on June 22.

A spokesperson for SK Square said:

“Preparations are complete, but the market isn’t very good at the moment. The timing has not been confirmed for the issuance of tokens. We will introduce it after addition supplmentation.”

Earlier in March, SK Square’s Vice Chairman Park Jung-ho announced plans to issue a crypto token, the first among the nation’s top conglomerates. Besides, SK Square and SK Telecom have invested billions into blockchain și proiecte metaverse.

SK Square established a blockchain working group responsible for the cryptocurrency business and planned to issue the cryptocurrency SK Coin.

Cu toate acestea, recent collapse of Terra, subsequent decline in Bitcoin and Ethereum prices, and lack of positive sentiment made the company think otherwise. The company will plan to speed up the issuance process again as market conditions improve.

South Korea’s Crypto Oversight Stiffens After Terra Crash

South Korean government has increased crypto oversight and regulations in the country after the Terra crash. Moreover, a comitetul de supraveghere cripto has been formed to set coin-listing criteria, monitor unfair trade practices, and oversee investor protection measures.

Coreea de Sud are started several probes on Terraform Labs, its founder Do Kwon, crypto exchanges, and other accused people. Several crypto-related bills are pending in the National Assembly seeking to further tighten crypto regulation in South Korea.

Varinder este scriitor și editor tehnic, pasionat de tehnologie și gânditor analitic. Fascinat de Tehnologiile Disruptive, el și-a împărtășit cunoștințele despre Blockchain, Criptomonede, Inteligență Artificială și Internetul Lucrurilor. El a fost asociat cu industria blockchain și criptomonede pentru o perioadă substanțială și în prezent acoperă toate cele mai recente actualizări și evoluții din industria criptomonedelor.

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