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Bank of Korea surveys top banks on impact of a major crypto hack
The Bank of Korea ran its first such survey of the country's largest banks, asking how a major crypto hack, a crypto price crash and another firm's losses would affect them.
HighRisk Media Newsroom, , 1 min read · Читать по-русски
According to CoinDesk, the Bank of Korea asked the country's biggest banks how a major crypto hack would affect them in the first survey of its kind.
Beyond the hacking scenario, the regulator also asked banks to assess the impact of a sharp fall in crypto asset prices and losses at another company. Separately, banks were required to describe their crypto teams, budgets and investments in this area.
The article covers the survey itself and its scope; the regulator's findings and conclusions are not reported.
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Prepared by AI from the sources above and checked against them. Spotted a mistake? Write to @highrisk_team.
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