Crypto Security: 12 Korean Exchanges Pass Self-Regulatory Check with Flaws

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Crypto Security: 12 Korean Exchanges Pass Self-Regulatory Check with Flaws

Twelve Korean cryptocurrency exchanges have passed the self-regulatory standard checks with several deficiencies, the Korea Blockchain Association (KBA) said on Wednesday. The exchanges, including the hacked Bithumb, met the general requirements with no problems while the cybersecurity test was passed at a minimum level with a big difference between participating trading platforms.

The so-called general standards included anti-money laundering (AML) provisions, adoption of cold wallet, and minimum total asset

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