South Korea Tests 31 Banks and Brokers for Crypto Crash Risks

The Bank of Korea launched an official review to see how 31 traditional banks and stockbrokers would survive a massive cryptocurrency crisis. The central bank sent a survey to 18 domestic banks and 13 securities firms to test their business limits if a major crypto exchange suffered a hack or if the price of Bitcoin suddenly crashed. The Bank of Korea sent 31 banks and brokerages a survey on how they’d handle a major exchange hack or a sharp Bitcoin drop. Does this kind of central bank review change how you think about the risk of holding crypto on exchanges?

Source: DeFi Planet