South Korea asks its biggest banks how a major crypto hack would hit them
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The Bank of Korea has launched its first survey of the country's largest banks to assess how a major crypto hack, a crypto price crash, or losses at another firm would affect them, and is also requesting details on each bank's crypto teams, budgets, and investments. The move signals that South Korean regulators are moving to quantify banks' indirect exposure to digital-asset markets even as lenders' direct crypto holdings remain limited. Watch for the survey results to shape the BOK's supervisory guidance on crypto-related risk management and capital planning for major banks.
Muhabbit's AI wrote this summary in its own words from CoinDesk's report. It can get details wrong, so check the source.
Named in this story
Bank of Korea, South Korean banks