South Korea to Allow Crypto Exchanges to Block Withdrawals if Hacks Are Suspected
The Financial Services Commission said preventive suspensions could limit losses after recent exchange security incidents.
10 Articles
10 Articles
Going forward, virtual asset exchanges will be able to prevent investor losses by preemptively blocking deposits and withdrawals when hacking or security breaches are suspected. The Digital Assets Act, for which the government draft is expected to be unveiled soon, will establish a legal basis for digital asset service providers to be held liable for damages on par with financial institutions. On the 12th, the Financial Services Commission annou…
South Korea's Financial Services Commission (FSC) warned cryptocurrency exchanges on Thursday that they should be investigated for violations when a suspected hacking attempt arises…
South Korea to permit crypto withdrawal freezes during hacking threats — TradingView News | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker - National Cyber Security Consulting
South Korea’s Financial Services Commission (FSC) plans to allow crypto exchanges to suspend deposits and withdrawals when hacking is suspected, rather than waiting until a breach is confirmed, amid a push for stronger industry security.On Thursday, the FSC said it would issue a no-action letter permitting preventive suspensions under certain conditions. Current rules prohibit exchanges […] Thank you for subscribing to our RSS feed!
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