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Regulation
South Korea Will Allow Crypto Exchanges to Freeze Withdrawals During Hacking Threats
(2 hours ago) · 1 source · Summarized by CryptoBipto
South Korea is set to permit cryptocurrency exchanges to temporarily freeze user withdrawals when hacking threats are suspected. The measure is intended to protect user funds during active security incidents. The policy represents a regulatory step toward formalizing exchange responses to cyberattacks.
WHY IT MATTERS
When you keep cryptocurrency on an exchange, the exchange controls access to your funds — similar to how a bank holds your money.
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SOURCES
- cointelegraph.com
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Crypto RegulationExchange SecuritySouth KoreaConsumer Protection
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