South Korea plans to enforce bank-level liability rules on crypto exchanges, requiring compensation for customer losses from hacks or system failures. The FSC is reviewing provisions amid the recent Upbit breach, where $30.1 million worth of tokens were stolen. Regulators aim to increase oversight and penalties for exchanges facing recurring outages.

Lawmakers in South Korea are pushing for a stablecoin bill, threatening to move forward without the government if a draft is not delivered by Dec. 10. The ruling party wants to debate the bill during the National Assembly’s session in January 2026 after facing slow progress and delays. 2026 is touted as the year of pragmatic privacy in crypto.

Read more at Cointelegraph: South Korea Moves to Impose Bank-Level Liability on Crypto Exchanges