South Korea to tighten crypto exchange oversight with new monitoring system

Oluwapelumi Adejumo

South Korea’s Financial Supervisory Service (FSS) plans to tighten oversight of crypto trading platforms under its jurisdiction to eliminate fraudulent transactions. In a July 4 notice, the regulator announced that local exchanges must establish a “continuous monitoring system for unfair transactions” and report “abnormal transactions” via a dedicated transmission line. According to the notice: “To […]

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South Korea to tighten crypto exchange oversight with new monitoring system