South Korea takes away exchange discretion in a major anti-phishing crackdown

South Korea has introduced new rules to combat phishing attacks, removing exchange discretion in withdrawal exceptions and applying uniform criteria based on account history and transaction patterns. This move aims to enhance security and protect users. The impact on the crypto market is expected to be positive, as increased security measures can lead to higher investor confidence. However, the short-term effect may be neutral due to the lack of specific details on the implementation and enforcement of these rules.