South Korea asks its biggest banks how a major crypto hack would hit them
Summary
South Korea's central bank has launched its first survey to evaluate how major cryptocurrency hacks and steep market crashes might impact the nation's largest financial institutions. Regulators also requested details regarding the staffing, budgets, and investments dedicated to digital assets within these major banks.
In its first such survey, the BOK also asked about a crypto price crash, losses at another firm, and each firm’s crypto teams, budgets and investments.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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