New Rules Mandate Real-Time Monitoring and Stronger Safeguards

[nihalsari]

Under the new framework, crypto exchanges in South Korea must implement automated balance checks every five minutes, along with alert systems and automatic trading halts if discrepancies are detected. Monthly external audits will now replace quarterly reviews, and exchanges must provide more detailed transparency on their blockchain holdings.

Additionally, high-risk transactions—such as promotional payouts—must go through stricter controls, including separate accounts, automated validation systems, and third-party verification. These measures aim to prevent large-scale errors and improve overall system reliability.

[ed]

“high-risk transactions” aka giving away billions by accident