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South Korea to Impose Bank-Level Liability on Crypto Exchanges After Upbit’s $30M Hack
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South Korea plans to apply bank-level, no-fault compensation rules to crypto exchanges after a major breach at Upbit.Regulators want exchanges to reimburse users for losses from hacks or system failures, even if the platform is not at fault.The… Read full article
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South Korea Plans Bank-Level Liability Rules for Crypto Exchanges
South Korea prepares to impose bank-level liability rules. This forces crypto exchanges to compensate users for losses, regardless of the cause.
South Korea is preparing to impose bank-level, no-fault liability rules on crypto exchanges. This imposes the same stringent standards… Read full article
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South Korea to impose bank-level liability on crypto exchanges after Upbit hack: Report
South Korea plans to hold crypto exchanges to the same no-fault compensation standards as banks after an Upbit hack exposed major gaps in consumer protection. Read full article
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