South Korean regulators will implement new measures to prevent violent price fluctuations after cryptocurrency launches on exchanges."
Internet reports that South Korea's Financial Services Regulatory Authority (FSS) plans to implement new measures aimed at preventing violent price fluctuations after cryptocurrencies are listed on exchanges. The decision was made after observing significant price fluctuations in the Movement (MOVE) token that went online in December. The Korea Financial Services Regulatory Authority (FSS) has worked with crypto exchanges, the Alliance of Digital Asset Exchanges (DAXA) and external experts to establish a special working group to develop best practices for self-regulatory regulation. These measures are intended to fill regulatory gaps until the second phase of the cryptocurrency bill is enacted and implemented.
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