The South Korean Government Implements Realtime Monitoring of the Cryptocurrency Market in Response to the Enforcement of the Virtual Asset User Protection Act

According to a report by The Block, the Financial Supervisory Service (FSS) of South Korea has developed a 24-hour monitoring system in collaboration with local exchanges. This system will screen any suspicious activities in the cryptocurrency market. The major local exchanges that handle 99.9% of cryptocurrency transactions in South Korea have established monitoring systems based on their latest standards.