South Korea's Financial Services Commission to Introduce AI Monitoring System for Virtual Asset Regulation: Over 30 Market Manipulation Cases Investigated Within Two Years

According to South Korean media KBS, the South Korean Financial Services Commission announced today the results of virtual asset market regulation. Since the implementation of the "Virtual Asset User Protection Act" two years ago, approximately 40 investigations into unfair virtual asset trading have been completed, and more than 30 cases have been reported or notified to judicial authorities, focusing on cracking down on behaviors that disrupt market order such as short-term manipulation and "pump and dump". In the future, market monitoring capabilities will be further strengthened to build an AI-based virtual asset regulatory system, including real-time market monitoring, second-level price manipulation analysis, and automatic identification of suspicious accounts and trading intervals.