South Korean regulators are increasing pressure on local cryptocurrency exchanges to eliminate suspicious trading, as part of efforts to provide better protection for investors through a new digital assets law that will come into effect at the end of this month.

The Financial Supervision Authority said it is preparing a system to monitor unusual cryptocurrency trading activities, and has instructed exchanges to enter data and information into the system, to ensure compliance with the legislation that will become effective on July 19.

#SaudiArabia #SOFR_Spike #arab #BinanceTurns7 #SOFR_Spike $BTC $BNB $USDC