#daxa

The post South Korea’s DAXA Cracks Down on Crypto API Abuse appeared on BitcoinEthereumNews.com. DAXA mandates Upbit, Bithumb, Coinone, Korbit, and Gopax to invalidate suspicious shared API keys. Automated trading accounts for 30% of Korean crypto volume, making API governance a systemic issue. Exchanges must now monitor, warn, re-verify, and force-expire API keys based on risk level detected. South Korea’s Digital Asset Exchange Alliance (DAXA) has established mandatory compliance standards requiring the country’s major cryptocurrency exchanges to detect and invalidate API keys suspected of being improperly shared or lent between users. The policy, announced May 28, targets a specific exploitation method that has been used to facilitate price manipulation and unfair trading practices across Korean crypto markets. DAXA member exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, are all subject to the new standards. Why This Matters API keys are access credentials that allow

DAXA issued new API key rules for Korean exchanges after FSS warned automated trading makes up about 30% of domestic crypto turnover.

South Korea’s DAXA rolls out new API key rules targeting price manipulation and unfair crypto trading across major exchanges. South Korea is tightening its grip on crypto trading. The Digital Asset Exchange Alliance (DAXA) rolled out a new compliance standard on May 28.  The policy targets the improper lending of API keys across member exchanges.  […] The post South Korea Targets Crypto Trading Bots With New API Crackdown appeared first on Live Bitcoin News.