CryptoUpdated November 3

Bank of Korea surveys 31 firms on crypto risks.

A major crypto hack, a big exchange shutting down, a prolonged slump or losses at another firm: those are the hypothetical shocks the Bank of Korea wants 31 financial institutions to think through. It is asking how each could affect their operations, rather than reporting damage that has happened. CoinDesk describes this as the bank’s first survey of its kind. The questions also cover each institution’s crypto teams, budgets and investments.

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Coverage started November 2