🇰🇷 HUGE: South Korea just slammed the door on weak crypto security.
Following the Upbit hack, new rules mandate bank-level, no-fault liability for exchanges.
What this means: Exchanges must compensate users for losses from hacks/system failures, period. Accountability is now non-negotiable. This is the institutional-grade security the crypto market needed. Get ready for a safer, but more consolidated, Korean exchange landscape.
The future of crypto hinges on trust. South Korea just bought some.