Bank of Korea Surveys 31 Financial Firms on Crypto Risk Exposure
Photo: TheCoinrise
The central bank is examining how a sharp crypto market downturn could ripple through the banking and financial system. The Bank of Korea has opened an inquiry into how domestic financial institutions would weather a severe cryptocurrency market downturn. According to reports from Cointelegraph and CryptoBriefing, the central bank has asked 31 financial firms to respond to questions built around crypto shock scenarios. The exercise appears designed to measure how deeply crypto-related risk has worked its way into South Korea's traditional financial system.
Source: TheCoinrise
