“99% of exchanges have bank accounts in far-flung jurisdictions and UK customers are sending their money to high-risk jurisdictions.”You can see the full article for yourself here- https://www.stuff.co.nz/business/world/104951014/bitcoin-sites-play-down-security-threats-despite-korea-attack By this, Gandham seems to be suggesting that actually, regulation in the UK can ensure that UK exchanges are only working with UK based banks and that therefore, the regulations can also help to control security protocols which in turn will prevent these hacks from happening. So, as it stands, the UK cryptocurrency taskforce are indeed still exploring options. Without a doubt, these recent hacks will have put a spanner in the works, but, through working with groups like CryptoUK and Gandham, they are at least gaining useful insight into various solutions. Hopefully, the UK cryptocurrency taskforce can learn from the mistakes made by the authorities and exchanges in South Korea. Let’s hope they see this as a learning curve and not as an excuse to stamp out cryptocurrencies altogether.