Announcements from major South Korean crypto exchanges and major news outlets

South Korea Tightens Crypto Regulations with 24H Real-Time Monitoring

Jul 4, 2024, 07:42 AM

South Korean crypto exchanges have introduced new guidelines to prevent mass delistings in anticipation of upcoming legislation. The Financial Supervisory Service (FSS) has announced the implementation of a system to monitor unusual crypto trading activity, requiring exchanges to provide data and information to comply with the new regulations. This move is part of broader efforts to enhance investor protection and eliminate questionable trading practices. Additionally, the South Korean government has unveiled a 24H real-time monitoring tool to detect crypto fraud, further tightening the regulatory framework around digital assets.