Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, South Korea has ordered all crypto exchanges to verify their actual asset holdings every five minutes, US Securities and Exchange Commission (SEC) Chair Paul Atkins said the crypto market safe harbor proposal is now at the White House Office of Information and Regulatory Affairs for review, and JPMorgan CEO Jamie Dimon’s annual shareholder letter warned that new tech is reshaping finance, with tokenization and blockchain competitors gaining.
South Korea has ordered all crypto exchanges to reconcile their internal ledgers with actual asset holdings every five minutes after an inspection uncovered weaknesses in internal controls.
The directive was announced on Monday by the Financial Services Commission (FSC) after a meeting with top crypto exchanges and the Digital Asset Exchange Alliance (DAXA), during which they discussed the findings of an emergency inspection triggered by the Bithumb payout incident.
