Markets
South Korea cracks down on fraudulent crypto transactions as rules tighten
South Korean regulators are increasing pressure on local crypto exchanges to root out questionable transactions, as part of efforts to improve investor protection with a new digital asset law that takes effect later this month.
THE Financial Monitoring Service is implementing a system to monitor unusual crypto trading activities, the agency said in a statement. statement Thursday. Exchanges are advised to feed the system with data and information to ensure compliance with the legislation that will come into force on July 19, he added.