South Korea’s FSC Reviews Crypto Market-Making Rules After JPYC Spike
South Korea’s Financial Services Commission (FSC) is reviewing whether to introduce a formal market-making framework for digital assets after a sharp price distortion involving yen-pegged stablecoin JPYC on Upbit raised concerns over liquidity and investor protection. FSC Director of Digital Finance Policy Yoo Young-jun said on September 28 that the
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