South Korea's financial regulator is developing tools to regularly monitor crypto risks. cryptocurrency
South Korea’s financial regulator is developing new tools to regularly monitor crypto risks. The regulator warned that while the impact of the crypto market on the traditional financial system is still low, the risks posed by crypto to the country’s financial stability could increase sharply in the future.
Regarding the crypto monitoring tools, Lee explained that the supervisory authority currently lacks data to identify potential risks from crypto even though the interconnection between the crypto market and the traditional financial market is expected to increase.
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