South Korea
Odaily
Korea's FSC Urgently Convenes Crypto Exchanges, Demands 80% Cold Wallet Storage Ratio
- South Korea's Financial Services Commission (FSC) called an emergency meeting with cryptocurrency exchanges to inspect security measures.
- Exchanges are now required to keep at least 80% of customer crypto holdings in cold (offline) wallet storage.
- The directive aims to strengthen asset protection and reduce hacking risks across Korea's crypto trading platforms.