Financial Supervisory Service of South Korea Initiates Investigation into Suspicious Transactions at Cryptocurrency Exchanges
Publication Time:2024-09-04 20:32:06
The Financial Supervisory Service (FSS) of South Korea has launched an investigation into suspicious transactions at virtual asset exchanges. This initiative is aimed at maintaining market order and imposing severe penalties on any illegal activities detected during the inspection. The regulatory agency has stated that they will propose amendments to existing regulatory provisions if necessary to address any potential systemic weaknesses. In this inspection, FSS plans to identify suspicious transactions and ensure that cryptocurrency exchanges and their related companies comply with all applicable regulations. This action demonstrates the continuous efforts of the South Korean government to strengthen the regulation of digital currencies.
Cryptocurrency
exchange
Suspicious Transactions
South Korea
illegal activities
financial supervision
market order