“Gensler’s belief in blockchain’s potential to transform finance is clear. However, his focus on the regulatory role of intermediaries, seen in SEC enforcement actions against Coinbase and Binance, reflects a top prioritization of controlling systemic risks.”
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Haru Invest Struggles: A Stark Reminder on Trust, Transparency, and Caution in Blockchain World
South Korean crypto yield platform Haru Invest is terminating contracts of over 100 employees, following its suspension of withdrawals and deposits due to service partner issues. The company’s struggle to maintain normal operations led to this decision, raising concerns among crypto enthusiasts and users regarding platform stability and user trust.
Haru Invest Terminates 100+ Employee Contracts: A Struggle for Survival in Crypto World
Haru Invest, a South Korean crypto yield platform, has terminated contracts for over 100 employees amid operational issues. The company cited withdrawal pause and issues with external management company B&S Holdings as reasons for minimizing operations, and plans to cooperate with authorities to resolve legal actions taken against them.