South Korea's Financial Supervisory Service (FSS) has unveiled its 2026 work plan, focusing on high-risk areas within the virtual asset market. The plan includes investigations into market manipulation by large players, known as "whales," as well as tactics like "fencing," "horse racing," API order manipulation, and the spread of false information via social media. The FSS aims to develop AI-based text analysis and automatic detection of abnormal asset surges. Additionally, the FSS is preparing to introduce a new digital asset basic law, supporting the implementation of the second phase of legislation. This includes establishing a disclosure system for issuance and trading, creating a licensing review manual, and promoting detailed management and disclosure of exchange fees.
South Korea's Financial Supervisory Service Targets High-Risk Crypto Activities in 2026 Plan
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