Editor's PiCK
Financial Supervisory Service Demands Measures to Prevent Recurrence of Cryptocurrency Exchange Outages
Summary
- The Financial Supervisory Service has reportedly demanded measures to prevent the recurrence of outage incidents at cryptocurrency exchanges.
- It announced plans to inspect whether exchanges have established a Business Continuity Plan (BCP).
- It was reported that they will check whether exchanges are compensating for user damages.
The Financial Supervisory Service has reportedly demanded measures to prevent the recurrence of cryptocurrency exchange outages caused by the recent state of emergency and to confirm compensation for user damages.
According to industry sources on the 6th, the Financial Supervisory Service is demanding measures to prevent the recurrence of outages in cryptocurrency exchange applications and plans to check whether exchanges are compensating users for damages. It is also known that they will inspect whether the Business Continuity Plan (BCP) is well established.
Meanwhile, on the 3rd, with the declaration of a state of emergency, domestic cryptocurrency exchanges such as Upbit and Bithumb experienced delays in app access and transactions.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
