South Korea’s FSC weighs raising exchange cold wallet requirement to about 99%

Regulators are considering lifting the offline storage floor from 80%, and some exchanges are already well above it South Korea’s Financial Services Commission is considering raising the share of customer crypto that exchanges must keep in cold wallets from 80% to about 99%. If adopted, nearly every coin a Korean trader parks on an exchange would sit offline. That would leave hackers with a much smaller pile to aim at. Under current rules, domestic exchanges must hold at least 80% of customer crypto assets in cold storage.

Source: Crypto Briefing