CoinScoopSouth Korea Considers Market Maker Rules Following JPYC Price Surge
South Korea's Financial Services Commission is reviewing the introduction of a formal market-making system after the stablecoin JPYC experienced significant price volatility on Upbit. On September 17, JPYC's price surged to over four times its yen-linked value due to limited liquidity, prompting regulators to address concerns regarding market efficiency and user protection.
Summaries are written by AI from the original article. Not investment advice.