South Korea weighs crypto market makers after JPYC trades at 4 times peg

South Korean regulators are reconsidering restrictions on crypto market making following a significant deviation of JPYC from its peg on Upbit this month. The current rules effectively limit market-making activities, but recent events have prompted a review to potentially allow more flexible intervention in the market.

Sources

• Cointelegraph — South Korea weighs crypto market makers after JPYC trades at 4 times peg

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