🚀 South Korea Considers Increasing Cold Wallet Storage Requirement for Crypto Exchanges
#SouthKorea #ColdWalletStorage #CryptoExchanges #FinancialServicesCommission #FSC #Cryptocurrency #VirtualAssetRegulations #NS3AI #NationalAssembly #RegulatoryStandards
South Korea's Financial Services Commission (FSC) is evaluating a proposal to raise the cold wallet storage requirement for cryptocurrency exchanges from the current 80% to nearly 100%. According to NS3.AI, this potential change was disclosed in a formal response to a National Assembly inquiry and will be assessed in conjunction with forthcoming virtual asset regulations. The FSC's objective is to ensure that the adjustment aligns with the operational capabilities of exchanges, international regulatory standards, and findings from recent inspections.#SouthKorea #ColdWalletStorage #CryptoExchanges #FinancialServicesCommission #FSC #Cryptocurrency #VirtualAssetRegulations #NS3AI #NationalAssembly #RegulatoryStandards