[Watcher Guru] JUST IN: South Korea considers requiring crypto exchanges to store 99% of c...
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South Korea is considering requiring crypto exchanges to hold 99% of customer assets in cold wallets following the $6.3 billion Binance hack. The proposed rule would sharply limit the share of user funds exchanges can keep in hot wallets for liquidity and withdrawals. The move matters because it would codify cold-storage segregation across one of the world's most active retail crypto markets. Watch next for the formal proposal's timeline, whether smaller exchanges get phased-in compliance, and how the rule interacts with Korea's existing reserve and user-protection requirements.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
South Korea, Binance, crypto exchanges