Bank of Korea quizzes 31 financial firms on crypto shock scenarios

The Bank of Korea has launched a survey of 31 financial firms, asking them to assess hypothetical crypto shock scenarios as part of a broader review of digital asset risks to the financial system. The exercise, reported by Crypto Briefing, is aimed at gauging how institutions would handle potential turmoil in crypto markets and could inform enhanced regulatory measures. The move signals growing official attention to the intersection of traditional finance and digital assets in South Korea, where banks and securities firms have been expanding crypto-related offerings. Regulators are expected to use the findings to shape financial stability policy and strategies for integrating crypto into the domestic market. Market participants should watch for follow-up guidance from the Bank of Korea and any new capital, exposure, or disclosure requirements for institutions with crypto holdings.