South Korea urges exchanges to boost cold storage after Binance hack
Summary
Following a recent security breach at Binance, regulatory authorities in South Korea are pressing domestic digital asset platforms to increase their offline storage levels. Current regulations already mandate that these trading venues keep a large majority of user funds offline, yet officials want platforms to strengthen these security measures further.
South Korean crypto exchanges are already required to hold at least 80% of customer crypto in cold wallets, but the regulator is urging more.
Source: Read the full story at Cointelegraph.com News
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