BitcoinWorld

South Korea Crypto Regulations: Unprecedented 5-Minute Asset Checks and Bank-Level Controls Shake Exchange Landscape

SEOUL, South Korea – Financial authorities in South Korea have launched a comprehensive structural overhaul of the country’s cryptocurrency exchanges, implementing unprecedented 5-minute asset checks and bank-level transaction controls. This decisive regulatory move follows recent incidents of incorrect payments that exposed significant vulnerabilities in exchange infrastructure, prompting a complete redesign of operational frameworks rather than temporary fixes. The Financial Services Commission (FSC) and Financial Supervisory Service (FSS) are spearheading this initiative for a market holding…