DAXA Holds 'Virtual Asset Market Surveillance Training'

The Digital Asset Exchange Alliance (DAXA) stated that it held training on the 10th at DreamPlus Gangnam, located in Gangnam-gu, Seoul, for executives and staff members of domestic virtual asset exchanges.

This training was conducted in collaboration with relevant government agencies. In particular, representatives from the Financial Supervisory Service (FSS) and the Korean National Police Agency (KNPA) gave lectures on 'Virtual Asset Investigation Work and Market Manipulation Case Studies by the Financial Supervisory Service' and 'Investigation Cases and Implications on Unfair Trading Related to Virtual Assets', respectively. More than 70 people attended, including market surveillance staff from DAXA member companies as well as non-KRW-based virtual asset exchanges.

DAXA had also conducted similar training last year, providing two sessions to strengthen market surveillance capabilities for executives and staff of domestic virtual asset exchanges.

Kim Jae-jin, executive vice president of DAXA, said, "Now, as discussions on establishing a virtual asset system, including stablecoins, are in full swing, virtual asset exchanges are becoming the central axis of the virtual asset ecosystem that leads market trust, going beyond being just simple trading platforms," adding, "We will continue our efforts to enhance the ability to prevent and detect unfair trading at exchanges and to create a market where users can participate with confidence."