South Korea’s Financial Services Commission (FSC) has launched a comprehensive framework to enhance regulatory oversight of cryptocurrency exchanges. This initiative demands that exchanges perform asset balance verifications every five minutes, a response to an earlier incident that exposed critical flaws in risk management procedures.
Continue Reading:South Korea Tightens Crypto Exchange Regulations Following Costly Error
Source: https://en.bitcoinhaber.net/south-korea-tightens-crypto-exchange-regulations-following-costly-error
