Last year’s troubles with wemix — a digital coin issued by South Korean game developer Wemade — were a wake-up call for investors and regulators alike in a digital currency market that, though one of the world’s biggest, remains largely unregulated.
Wemade was one of the first major South Korean game companies to develop so-called “play-to-earn” video games, where gamers can accumulate cryptocurrency. Wemix tokens, used in the Mir 4 online game, quickly gained popularity among crypto investors.
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