South Korea’s FSS to Monitor Crypto Trading in Real Time, Use AI to Detect Borrowed-Name and Collusion Rings
- The Financial Supervisory Service said it is upgrading its in-house surveillance network by combining AI with a real-time monitoring system to respond to unfair trading in virtual assets.
- The watchdog said it plans to link to the APIs of domestic and overseas crypto exchanges to analyze a range of market data in real time, detect abnormal trading and tokens targeted for unfair trading at an early stage, and minimize investor losses.
- The FSS said it will use an AI algorithm and an automatic identification function for linked groups suspected of price manipulation to analyze organized suspicious groups, including accounts suspected of being opened under borrowed names, down to the second, improving the speed and accuracy of…
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