South Korea’s Financial Intelligence Unit (FIU) announced on Feb. 12 that cryptocurrency exchanges failing to meet its enhanced standards will be ousted from the nation’s crypto marketplace. This also applies to digital asset firms intending to enter South Korea’s cryptocurrency market. Furthermore, the South Korean government is reportedly considering the implementation of a trading system that would automatically halt suspicious transactions, even prior to the initiation of an investigation. This system, recommended by the Financial Action Task Force (FATF), is already in use in 49 countries, including Britain, Finland, and Germany.