Gov't moves to strengthen crypto exchanges' liability after Upbit hacking

Gov't moves to strengthen crypto exchanges' liability after Upbit hacking

The government is seeking to impose bank-level, no-fault compensation rules on crypto exchanges, prompted by a recent breach at Upbit, a crypto exc...

South Korea to Hold Crypto Exchanges to Bank-Level Rules

South Korea plans to make strict rules for crypto exchanges, holding them to the same standards as banks to protect customers The post South Korea to Hold Crypto Exchanges to Bank-Level Rules appeared first on TheCoinrise.com.

South Korea Prepares to Hold Crypto Exchanges Fully Liable Like Banks

South Korea Enhances Regulatory Oversight on Crypto Exchanges Following Major Breach South Korea is moving towards imposing bank-level, no-fault liability rules on cryptocurrency exchanges, aligning regulations with those traditionally applied to financial institutions. This push comes in response to the recent security breach at Upbit, one of the country’s largest crypto platforms, which has amplified calls for stronger consumer protections wit…

South Korea to impose bank-level liability on crypto exchanges after Upbit hack: Report

South Korea is preparing to impose bank-level, no-fault liability rules on crypto exchanges after the Upbit hack, pushing for tougher security standards and higher penalties.