South Korea tightens its grip on crypto platforms following the Upbit hack

South Korea is moving towards imposing new regulatory rules on cryptocurrency trading platforms, requiring them to compensate customers for any losses resulting from hacks or technical failures — even if the platform is not directly at fault.

This step comes after the recent Upbit hacking incident and clearly shows that lawmakers are aiming to raise the level of protection and trust in the crypto sector, holding platforms more accountable for users' funds.

💡 The result?

A safer environment, stronger competition among platforms, and a shift towards higher global standards in protecting traders.

#CryptoNews #SouthKorea #Upbit

#Regulation #BlockchainSecurity

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