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Tag: #consumerprotection · 1 posts
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Posted Apr 13
🚀 South Korea Warns of Crypto Market Abuse via APIs South Korea's Financial Supervisory Service has issued a warning to consumers regarding increasing abuse in the cryptocurrency market linked to APIs. According to NS3.AI, these application programming interfaces are responsible for approximately 30% of the nation's virtual asset trading volume. The regulator highlighted that automated trading programs are being utilized to artificially inflate transactions and manipulate market conditions. In response, a consumer advisory was released, providing examples of such misconduct to raise awareness among investors. #SouthKorea#Crypto#Cryptocurrency#API#MarketAbuse#Regulation#ConsumerProtection#AutomatedTrading#VirtualAssets#InvestorAwareness
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