South Korea’s central bank takes a systematic look at virtual-asset risks for the first time
Questionnaire sent to 18 banks and 13 securities firms starting October 23
Responses due by November 4
Questions cover organizational budgets, progress, and investment amounts
Stress scenarios are included too
The scenarios are spelled out plainly
What if the country’s largest exchange by market share shuts down after a major incident?
Prices plunge and trading dries up
Another financial company takes a huge loss due to a virtual-asset incident
How badly would your institution be affected?
This isn’t about assigning blame after the fact
It’s about mapping out how risks could spread before the rules are put in place
That Binance incident turned an “exchange shutdown” from a hypothetical into a real-world example
The central bank wants to know whether the financial system could be dragged down with it
No immediate impact on retail investors in the short term
In the medium term, watch whether banks tighten access to stablecoins and custody services
$BTC $BNB
#韩国央行调查虚拟资产业务风险 #韩国监管 #FinancialStability
Questionnaire sent to 18 banks and 13 securities firms starting October 23
Responses due by November 4
Questions cover organizational budgets, progress, and investment amounts
Stress scenarios are included too
The scenarios are spelled out plainly
What if the country’s largest exchange by market share shuts down after a major incident?
Prices plunge and trading dries up
Another financial company takes a huge loss due to a virtual-asset incident
How badly would your institution be affected?
This isn’t about assigning blame after the fact
It’s about mapping out how risks could spread before the rules are put in place
That Binance incident turned an “exchange shutdown” from a hypothetical into a real-world example
The central bank wants to know whether the financial system could be dragged down with it
No immediate impact on retail investors in the short term
In the medium term, watch whether banks tighten access to stablecoins and custody services
$BTC $BNB
#韩国央行调查虚拟资产业务风险 #韩国监管 #FinancialStability