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Bank of Korea probes financial firms’ exposure to crypto risks

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Cointelegraph
By Cointelegraph by Felix Ng
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Bank of Korea probes financial firms’ exposure to crypto risks
Photo / Coverage: CointelegraphCredit: Cointelegraph by Felix Ng
EXECUTIVE SUMMARY

The central bank is surveying 31 financial institutions on how a major exchange shutdown, prolonged crypto downturn or losses at another firm could affect their operations.

Key Takeaways

  • Bank of Korea probes financial firms’ exposure to crypto risks.
  • The central bank is surveying 31 financial institutions on how a major exchange shutdown, prolonged crypto downturn or losses at another firm could affect their operations.
  • The central bank is surveying 31 financial institutions on how a major exchange shutdown, prolonged crypto downturn or losses at another firm could affect their operations.

The central bank is surveying 31 financial institutions on how a major exchange shutdown, prolonged crypto downturn or losses at another firm could affect their operations.

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