The Bank of Korea has completed the construction of a permanent monitoring system for abnormal transactions at virtual asset exchanges

ChainCatcher news, as the "Virtual Asset User Protection Act" came into effect in July, South Korean financial authorities announced a collaboration with virtual asset exchanges to develop "Continuous Abnormal Trading Monitoring Guidelines." The Financial Supervisory Service has established a unified trading data table standard that can detect abnormal trading, and each exchange has also set up computer systems. The main newly added trading information accumulation items include market information and trading order intermediary information.

In addition, a reporting system has been established between the financial regulatory authority and the exchanges. The exchange plans to detect abnormal trading through a regular monitoring system and identify suspicious unfair trading by analyzing sales data, account opening information, order media information, and deposit and withdrawal information.