COINTELEGRAPH · 2026-11-02 03:57 UTC

Bank of Korea probes financial firms' exposure to crypto risks

Bank of Korea surveyed 18 banks and 13 brokerages starting Oct. 23 on cryptocurrency risks, including scenarios of major exchange hacks, price crashes, and losses at other institutions. Survey covers firms' crypto staffing, budgets, business activities, and investments in domestic and overseas crypto companies. South Korean financial firms are testing stablecoin services while regulators increase cybersecurity requirements following deficiencies found at 130 of 555 financial companies.

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