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Seoul Unsure Who Takes the Buck for North’s Crypto Raids

by CBDC Insider
October 23, 2020
in Asia, Business
Reading Time: 1min read
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Seoul Unsure Who Takes the Buck for North’s Crypto Raids
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The question of who exactly in the South Korean governmental setup is responsible for countering North Korea’s alleged systematic hacking raids on South Korean crypto exchanges has become a political hot potato, reported Fn News. The financial regulator, the Financial Services Commission, has reportedly stated that the matter “not [its] responsibility,” as crypto exchanges currently do not fall under its remit.

The commission told National Assembly members that it believed the Ministry of Foreign Affairs and the Korea Communications Commission (KCC) were responsible – but both the KCC and the ministry stated they believed the financial regulator was required to take the lead.

Read more: https://cryptonews.com/news/seoul-unsure-who-takes-the-buck-for-north-s-crypto-raids-mor-8096.htm

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