The Korea Digital Asset Exchange Association (DAXA) will implement the "Virtual Asset Alert System" starting from July 4th

2023-07-04 09:42:14

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According to ChainCatcher news, South Korean media hankyung reported that the Digital Asset Exchange Association (DAXA), composed of the five major cryptocurrency exchanges in South Korea (Upbit, Bithumb, Coinone, Korbit, and Gopax), will implement a "virtual asset alert system" starting from July 4. This system consists of five types of alerts based on severe price fluctuations, surges in trading volume, increases in deposit amounts, price discrepancies, and concentrated trading by a small number of accounts. It will be triggered through real-time monitoring of each exchange. When a project meets the conditions for each alert, the trading window for the relevant project will display a notification in the form of a badge, lasting up to 24 hours. (Source link)

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South Korea DAXA regulation

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