Bank of Korea quizzes 31 financial firms on crypto shock scenarios

South Korea's central bank reportedly wants banks and brokerages to explain how they would cope with an exchange hack, a Bitcoin slump or a peer's collapse South Korea’s central bank wants to know what happens to the country’s banks if crypto has a very bad week. The Bank of Korea has reportedly launched its first survey of banks and brokerages focused on crypto-related risks. It sent questions to 31 financial institutions about how they would hold up under a handful of unpleasant scenarios.