Korean Authorities to Probe Crypto Exchanges’ Handling of Personal Data
By Marie Huillet Two Korean watchdogs have announced a joint probe into crypto exchange operators’ handling of personal data, local news outlet Chosun reports Monday, July 2. The agencies in question are the Korea Communications Commission (KCC) and the Korea Internet & Security Agency (KISA). The KCC and KISA will investigate potential infringements of data privacy rights by crypto exchange operators in conjunction with third party service providers - for example, smartphone apps designed for services such as real estate, shopping and travel. The probe will reportedly check the status of technical and administrative protection measures related to users’ personal data - covering data access control measures, anti-tampering measures, personal data encryption, and malware protection. After reviewing the collection, use, provision and destruction of personal data by both crypto exchange operators and third parties, the authorities have said they will enforce admi...
