South Korea's DAXA releases "Model Rules for Real-time Monitoring of Abnormal Transactions" and "Standard Advertising Rules"

On July 16, the Korean digital asset exchange consulting firm Digital Asset Exchange Association (DAXA) established new regulatory measures before the "Virtual Asset User Protection Act" takes effect on July 19. The "Real-time Monitoring Demonstration Rules for Abnormal Transactions" includes the alert system initially adopted as a self-regulatory rule, as well as general market monitoring procedures that all exchanges must follow according to the law. In addition, the "Standard Advertising Rules" specify the specific procedures and methods that exchanges must comply with when conducting advertising promotions.