Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

South Korean crypto exchange Gopax signs virtual asset commercial liability insurance

CointimeCointime2024/07/20 08:11
By:Cointime

Following the implementation of the "Virtual Asset User Protection Act," South Korean cryptocurrency exchange Gopax has signed a virtual asset commercial liability insurance policy with Samsung Fire Marine Insurance, which covers accidental incidents such as hacker attacks. Under the "Virtual Asset User Protection Act," exchanges are required to store more than 80% of their coins in cold wallets. For cases where the value of virtual assets stored in hot wallets connected to the internet exceeds 5%, insurance must be registered or a portion of retained earnings must be set aside as a reserve.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

The Scoop: Bad macro, bad flows, bad price

Macro trends took center stage today, driving the market up earlier in the session before pulling it back down.This column is adapted from The Scoop newsletter.

The Block2024/09/05 22:12

Celestia unveils roadmap to 1-gigabyte blocks

Cointelegraph2024/09/05 21:58

‌Spot copy trading

More
AIOnline
AIOnline
insight1000/1000
11314.77%
ROI
Total profit $57705.33
worldclasskang
worldclasskang
insight428/1000
72.16%
ROI
Total profit $4231.25

Bot copy trading

More
Mobbelkotze
Mobbelkotze
insight0/150
$223.98
Total profit
Total subscriber profits $0
TopTrader85
TopTrader85
insight150/150
$13284.03
Total profit
Total subscriber profits $137.16