South Korean Regulator Demands Tighter Cold-Wallet Controls for Crypto Firms

South Korean financial regulators have called for increased cold wallet storage and tighter internal access controls just days after hackers siphoned $6.3 billion in digital assets from Binance. South Korea Orders Security Review Following Binance Hack South Korean financial regulators have urged domestic…
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Cryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
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