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Bank of Korea surveys banks and brokerages on crypto‑risk exposure
The Bank of Korea began a survey on Oct. 23 of 18 banks and 13 brokerages, totaling 31 financial institutions, to assess how a major exchange hack, a steep crypto price fall, or heavy losses at another firm could affect their operations. The questionnaire covers crypto‑related staffing, budgets, business activities and investments in domestic and overseas crypto companies. Responses are due on Wednesday. The review follows recent regulatory focus on cybersecurity after a $6.3 billion Binance hack attributed to North Korean actors. South Korean firms have also been testing stablecoin services amid ongoing legislative discussions.