Bank of Korea probes financial firms’ exposure to crypto risks
Summary
The South Korean central bank is currently investigating how digital asset risks might impact local financial institutions. This survey examines potential vulnerabilities related to exchange closures, prolonged market slumps, and external corporate losses.
The central bank is surveying 31 financial institutions on how a major exchange shutdown, prolonged crypto downturn or losses at another firm could affect their operations.
Source: Read the full story at Cointelegraph.com News
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