South Korean Regulator Reviews Crypto Market Making and Exchange Oversight

South Korea’s Financial Services Commission (FSC) is evaluating the potential legalization of crypto market making to improve market efficiency, according to director general Yoo Young-joon. The regulator is also considering shifting core exchange functions, such as order matching and listing procedures, from self-regulation to public oversight following recent volatility concerns surrounding stablecoin listings like JPYC on Upbit.