[Financial Supervisory Service Governor: "Even 5 minutes is too long...Virtual asset ledgers and balances must be linked in real time"] Digital Asset reported that Financial Supervisory Service Governor Lee Chan-jin stated, regarding the recent Bithumb BTC (Bitcoin) mispayment incident, that "virtual asset exchanges need a real-time system for linking their ledgers and balances." He continued, "A system where actual balances and ledgers are synchronized in real time is essential for stability." He explained, "Upbit claims to link balances and ledgers every five minutes. Is five minutes truly appropriate? Whether real-time linking is necessary is something we need to discuss with policymakers and the National Assembly." He added, "Real-time linking should be addressed in Phase 2 legislation. The reason it hasn't been implemented is due to institutional limitations within the self-management system." www.digitalasset.works/news/ar...