AI surveillance marks a new phase for South Korea’s crypto markets

Recent volatility reviews, new surveillance systems and a landmark court ruling show how South Korea is enforcing stricter oversight of crypto markets.

South Korean regulators are stepping up oversight of the domestic cryptocurrency market, signaling a faster, more coordinated approach to detecting suspicious trading activity amid renewed volatility. 

The heightened scrutiny was highlighted after South Korea's Financial Supervisory Service (FSS) said it was reviewing sharp price movements in the ZKsync token listed on Upbit, following extreme volatility concentrated around a system maintenance window, according to The Korea Economic Daily (Hankyung).

The FSS said it was analyzing data and could escalate the review into a formal investigation, depending on the findings. 

Read more