Regulation1 source
South Korea’s FSC weighs raising exchange cold wallet requirement to about 99%
Headline from Crypto Briefing
Key points
- Financial regulators in South Korea are currently considering a proposal to increase the required percentage of cryptocurrency exchange assets held in cold storage.
- Under the potential rule from the Financial Services Commission, platforms might need to store around 99% of funds offline.
- While the move aims to bolster user security, it could raise operating expenses.
Summarized automatically by Kryptokite from reporting by Crypto Briefing. Read the original sources for full detail.
Sources
- Crypto BriefingSouth Korea’s FSC weighs raising exchange cold wallet requirement to about 99% · 3 hours agoRead on Crypto Briefing
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