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 assess how major financial institutions would cope with serious cryptocurrency hacks. Regulators also asked the country's top banks to evaluate potential risks from digital asset price crashes and external business losses, alongside details on their internal crypto investments and budgets.
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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