Bank of Korea Weighs How Its Banks Would Weather a Crypto Exchange Hack

Key points

• South Korea's central bank has launched its first survey assessing how local financial institutions would handle severe crypto market disruptions.
• The Bank of Korea asked 18 banks and 13 brokerages to evaluate potential impacts from major exchange hacks, sharp price declines, or heavy corporate losses.
• Participating firms must submit their responses by November 4.

Summarized automatically by Kryptokite from reporting by Unchained. Read the original sources for full detail.