South Korea’s Digital Asset Exchange Joint Advisory Agency announced that it has launched virtual asset market supervision training

The Korean digital asset exchange consulting firm (DAXA) has announced the launch of virtual asset market supervision training. This training is designed to strengthen the market supervision efficiency of virtual asset service providers (VASPs) and the work skills of their responsible persons before the implementation of the "Virtual Asset User Protection Act" next month. About 100 DAXA member companies and practitioners dedicated to domestic virtual asset exchange market supervision participated in the training. According to the "Virtual Asset Law," VASPs must continuously monitor abnormal transactions of virtual assets, and if suspected of illegal activities, notify financial authorities. Kim Jae-jin, Executive Vice Chairman of DAXA, stated that before the law is implemented, DAXA will support the preparation work of all VASPs, including member companies.