The Korea Monetary Authority completes the construction of a permanent monitoring system for abnormal transactions in virtual asset exchanges

On July 4th, with the "Virtual Asset User Protection Law" coming into effect in July, South Korean financial authorities announced that they will cooperate with virtual asset exchanges to develop "continuous abnormal transaction monitoring guidelines". The MAS has established a unified transaction data table standard to detect abnormal transactions, and exchanges have also established computer systems. Major new items of transaction information accumulation include market information and transaction order medium information.
In addition, the Financial Supervisory Authority and the exchange have established a reporting system. The exchange plans to detect suspected unfair transactions by analyzing sales data, account opening information, order media information, and deposit and withdrawal information after detecting abnormal transactions through a regular monitoring system.