On July 19, South Korea's Financial Supervisory Service (FSS) will launch a continuous monitoring system to track suspicious cryptocurrency transactions.

Developed in collaboration with local digital asset exchanges, this initiative aligns with the country's Virtual Asset User Protection Act.

The Act aims to regulate trade practices and protect investors. Major Korean crypto exchanges, including Upbit, Bithumb, Coinone, and Korbit, are part of this effort.

The monitoring system will provide real-time data to help identify and prevent fraudulent activities in the cryptocurrency market.

By implementing this system, South Korea seeks to enhance the security and transparency of digital asset trading.

This move underscores the government's commitment to protecting investors and maintaining a fair trading environment.