#BlockchainNews# The Financial Supervisory Service (FSS) of South Korea announced the launch of a new monitoring system to strengthen supervision of cryptocurrency exchanges and prevent fraudulent transactions. The new system will require exchanges to report abnormal transactions regularly to ensure that their legal obligations are fulfilled. The move will be implemented on July 19th in conjunction with the first regulatory framework for cryptocurrency investor protection, the Virtual Asset User Protection Act. At the same time, the Digital Asset Exchange Alliance (DAXA) and 20 local exchanges released the "Best Practice Guidelines for Supporting Digital Asset Transactions", which aims to provide a more relaxed review plan for assets that have been compliantly traded in overseas markets for more than two years. These measures show South Korea's positive attitude towards cryptocurrency regulation, committed to enhancing market stability, protecting investors, and combating financial crime. What do you think? Welcome to leave a message in the comment area to discuss! 👇