South Korean regulator launches checks on virtual asset exchanges for suspicious or illegal transactions

Odaily News South Korea's financial regulator, the Financial Supervisory Service (FSS), will begin inspecting virtual asset exchanges for suspicious or illegal transactions. It is reported that the agency will strictly punish violations found in the inspection, maintain market order, and advocate for the revision of regulatory provisions when necessary to address system defects. During the inspection, the regulator will look for suspicious transactions and ensure that cryptocurrency exchanges and related companies comply with regulations. (Cointelegraph)