According to Bitcoin News, South Korea's Financial Services Commission will issue a no-action letter allowing cryptocurrency exchanges to suspend deposits and withdrawals during suspected hacking incidents. The FSC cited the recent Binance security breach as evidence that rapid account freezes mitigate losses; current regulations only permit such measures after attacks are confirmed. The FSC also mandated that exchanges implement 24-hour monitoring, store user assets primarily in cold wallets, and increase insurance reserves. Exchanges unable to maintain round-the-clock surveillance may only process withdrawals during staffed hours.

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