South Korea's cryptocurrency exchanges are facing a crisis as they struggle to establish an integrated system with financial authorities to monitor abnormal transactions, as required by upcoming regulations. Attempts to build this system collectively have failed, leaving exchanges to consider costly individual setups. Despite efforts by a company experienced in system development, discussions have yielded no concrete results. With the regulatory deadline looming, exchanges may not meet requirements, especially smaller ones facing financial constraints. The high cost and complexity of setting up individual systems pose significant challenges, leading to urgent calls for solutions to comply with regulations.

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