South Korea plans to let exchanges halt withdrawals on suspected hacks
The country's top financial regulator plans to let crypto exchanges preemptively halt deposits and withdrawals when a hack is suspected, per Yonhap.
What we know
The Block reports, citing Yonhap News Agency, that South Korea's top financial regulator intends to allow exchanges to pause deposits and withdrawals on suspicion of a breach. Current law only allows a pause once a hack is confirmed.
Sources
@TheBlockCo
“South Korea's top financial regulator plans to allow crypto exchanges to preemptively halt deposits and withdrawals”
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