South Korea’s Controversial Crypto Crackdown: 10% Revenue Fines for Hacked Exchanges Spark Industry Backlash
SEOUL, South Korea – February 2025 – In a decisive move that could reshape the nation’s digital asset landscape, South Korea’s Financial Services Commission (FSC) is drafting stringent regulations that would impose strict liability and potentially crippling punitive fines of up to 10% of an exchange’s revenue for security breaches. This proposal, first reported by […]
