Terra and crypto updates

The Terra Builders Community is not yet in support of Do Kwon's Proposal and made a counter proposal to Do Kwon’s proposal.

Core points:
🔸 Reduction of the (currently proposed) 35% of chain ownership to post-crash buyers
🔸 Increase in ownership for builders on a new chain
🔸 Implementation of whale cap for largest players. 

🇬🇧 UK Government confirms they will regulate stablecoins following the collapse of $LUNA and $UST.

According to a Her Majesty’s (HM)Spokesperson 
“Legislation to regulate stablecoins, where used as a means of payment, will be part of the Financial Services and Markets Bill which was announced in the Queen’s Speech.”


Nayib Bukele posted 

Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, the Bitcoin  rollout and its benefits.



Polygon Studios CEO offers Terra projects to migrate over to Polygon with providing capital and resources for these migrations.