South Korea aims to require crypto exchanges to compensate client losses
South Korea plans to introduce regulations obliging cryptocurrency exchanges to reimburse clients for losses caused by hacks or technical failures, even if the platform itself is not at fault.
Source Cointelegraph
This initiative is part of efforts to enhance user protection in the crypto sector and build greater market trust. Implementing such rules may significantly affect how exchanges operate and their accountability to customers.
In the future, this approach could set a precedent for other countries and encourage the development of more secure asset safeguarding mechanisms.
