2024

Coin

<ul class="news-points">
 <li><strong>South Korea enhances crypto exchange oversight to curb fraud under new law, effective July 19.&nbsp;&nbsp;&nbsp;</strong></li>
 <li><strong>FSS mandates investor protections and real-time trading analysis to ensure market integrity.&nbsp;&nbsp;&nbsp;</strong></li>
 <li><strong>Exchanges must adopt advanced surveillance to comply with stringent regulatory changes.</strong></li>
</ul>
<p>South Korea is ramping up its fight against crypto fraud as a new digital asset law looms. The country’s financial regulator, the Financial Supervisory Service (FSS), is establishing a comprehensive monitoring system to eliminate fraudulent crypto trading on local exchanges as part of a broader initiative to enhance investor protection.</p>
<p>According to Bloomberg, the Financial Supervisory Service (FSS) <a href="https://www.bloomberg.com/news/articles/2024-07-04/south-korea-hunts-for-fraudulent-crypto-trading-as-rules-tighten?utm_source=telegram&amp;utm_content=crypto&amp;utm_medium=social" target="_blank" rel="noopener noreferrer nofollow">announced</a> that it is establishing a monitoring system to detect unusual crypto trading activities. The FSS has urged crypto exchanges to provide data and information to this system to comply with the legislation that becomes active on July 19.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">South Korea is increasing pressure on local crypto exchanges to root out questionable trading, part of efforts to improve investor protection with a new digital-asset law <a href="https://t.co/gUyTuMKcl2" target="_blank" rel="noopener noreferrer nofollow">https://t.co/gUyTuMKcl2</a></p>— Bloomberg (@business) <a href="https://twitter.com/business/status/1808767634176917611?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 4, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The…</p>
<p>The post <a href="https://coinedition.com/inside-south-koreas-new-crypto-monitoring-system-to-combat-fraud/" rel="noopener noreferrer nofollow">Inside South Korea’s New Crypto Monitoring System to Combat Fraud</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Inside South Korea’s New Crypto Monitoring System to Combat Fraud

Coin Edition

Muita 4. heinäk. 2024 julkaistuja artikkeleja

Bitcoin (BTC) Slips Below $60K: Will Altcoins Surge or Crash? Key Metrics to Watch

Bitcoin Price Plunge: German Government’s BTC Sell-Off Adds to Market Woes

PEPE, FET See Sharp Growth In Adoption: Rally Soon?

Best Crypto Presales For July 2024

Optimism (OP) Set for Possible Recovery as Price Hits December 2023 Lows

2024 Crypto Investment Trends: Ripple’s (XRP) Payment Innovations vs. CKIT’s Gaming Ecosystem — W...

Join our free newsletter for daily crypto updates!