South Korea
Digital Asset
FSS to Tighten Monitoring of Abnormal Crypto Trading, Targeting Fictitious Orders and Excessive Order Amendments
- The FSS unveiled the plan in its September 17 report on 'Financial Consumer Protection Achievements and Tasks.'
- New abnormal-trading categories include fictitious (unexecutable) orders, trading concentrated in specific coins, and excessive order amendments.
- These additions expand on existing categories such as wash/collusive trading and excessive order-, execution-, and price-involvement trading, aimed at protecting users from unfair trading in the highly volatile crypto market.