South Korea's Financial Supervisory Service (FSS) is set to launch a continuous monitoring system for suspicious crypto transactions on exchanges. The system, which covers approximately 99.9% of the country's trading volume, will go live on July 19, coinciding with the implementation of the Virtual Asset User Protection Act. This legislation, passed in 2023, aims to regulate unfair trade practices and protect investors. Major exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, will report suspicious transactions to the FSS via a dedicated data transmission line.