South Korea Weighs 99% Cold Wallet Rule for Crypto Exchanges
Photo: TronWeekly
South Korea is considering raising the minimum share of customer crypto assets exchanges must hold in cold wallets from 80% to around 99% following the recent Binance hack. The proposal remains under discussion and has not been adopted, but it could significantly change how domestic platforms manage custody and withdrawals. The debate highlights the challenge of strengthening security without disrupting exchange operations. According to News1 , the Financial Services Commission (FSC) is reviewing a potential increase in the cold-wallet requirement after the Binance incident.
Also reported by U.Today.
Source: TronWeekly
