South Korea Weighs Raising Crypto Exchange Cold-Wallet Floor to 99%

South Korea’s Financial Services Commission (FSC) is weighing a requirement for crypto exchanges to hold about 99% of assets in cold wallets, a move that could slow withdrawals. The current minimum is 80%. Upbit already keeps more than 99% of its assets in cold wallets; the shares are about 94% at Bithumb and 85% at Coinone. Some small and midsize exchanges are only slightly above the existing floor. A higher threshold could leave exchanges with less hot-wallet liquidity for immediate withdrawals and increase operating pressure on smaller platforms.

Source: TokenPost