regulation ·
80% cold storage minimum, South Korea urges exchanges to increase crypto security after Binance hack
South Korea is pressing crypto exchanges to increase their use of cold storage following the Binance hack.
Currently, South Korean crypto exchanges must keep a minimum of 80% of customer crypto assets in cold wallets.
Despite this existing mandate, the regulatory body is calling for further increases in cold storage implementation.
Earlier coverage
Reported by CoinTelegraph.
