šŸ“¢šŸ“¢Good news! The Financial Supervisory Service (FSS) of South Korea is actively promoting the new digital asset law to protect the rights and interests of investors. šŸ”šŸ”It is reported that the FSS is setting up a system to monitor abnormal cryptocurrency trading activities and urge exchanges to enter data and information into the system to ensure compliance with the legislation that came into effect on July 19. šŸš©šŸš©Red flags include trading volumes and prices outside the normal range, large transactions, and abnormally slow execution speeds. šŸŽÆšŸŽÆOne of the goals is to find accounts associated with "suspicious" activities.

šŸ‘€šŸ‘€In addition, 20 crypto exchanges in South Korea and the Digital Asset Exchange Alliance (DAXA) jointly formulated the self-regulatory guidelines "Best Practices in Supporting Virtual Asset Transactions", which outline the best practices for virtual asset listing and delisting. šŸ“†šŸ“†Once the bill comes into effect, all Korean crypto exchanges will officially implement these guidelines. šŸ”„šŸ”„Within six months from the date of implementation of the guidelines, approximately 1,333 virtual assets currently traded will be re-evaluated. šŸ’ŖšŸ’Ŗ Despite the increased scrutiny, the industry does not expect a large-scale one-time delisting. šŸš€šŸš€Bitcoin, we are bullish on you!