South Korea tightens cryptocurrency regulations with 24/7 real-time monitoring

South Korean cryptocurrency exchanges have introduced new guidelines aimed at preventing mass delistings in anticipation of upcoming regulations.

The Financial Supervision Service (FSS) has announced the implementation of a system to monitor unusual activity related to cryptocurrency trading. The system will require exchanges to share data and information that will allow them to adapt to new regulations.

The move is part of a broader effort to increase investor protection and eliminate questionable trading practices.

In addition, the South Korean government has unveiled a 24/7 real-time monitoring tool to detect cryptocurrency fraud, further tightening the regulatory framework for digital assets.

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