FSC Pledges Vigilance Against Unfair Virtual Asset Trading
CryptoNewsTerminal Staff12 Sep, 2024
FSC Pledges Vigilance Against Unfair Virtual Asset Trading
The Financial Services Commission (FSC) has announced its commitment to cracking down on unfair trading practices in the virtual asset market. Kim Seong-jin, head of the Virtual Asset Division at the FSC, emphasized the importance of safeguarding virtual asset users through measures to curb manipulation and detect suspicious transactions. He vowed to intensify market oversight through on-site exchange inspections and collaboration with exchanges. Unlike traditional stock markets, virtual asset markets operate on multiple exchanges, posing challenges for regulators. However, the FSC remains determined to enhance market transparency and protect investors.
