South Korea's Financial Services Supervisory Authority (FSS) plans to implement new measures aimed at preventing wild price swings of cryptocurrencies after they are listed on exchanges. The decision was made after observing significant price swings for the Movement (MOVE) token, which went live in December.
South Korea's Financial Services Supervisory Authority (FSS), in collaboration with crypto exchanges, the Digital Asset Exchange Alliance (DAXA), and outside experts, has set up a special project working group to develop best practices for self-regulation. The measures are designed to fill regulatory gaps until the second phase of the cryptocurrency bill is legislated and implemented.
South Korean regulators will implement new measures to prevent violent price fluctuations after cryptocurrencies are listed on exchanges
2025-02-07 03:39:40
Korea finance service regulator regulatory authority fss plan implementation measuresdesk3cryptocurrencydesktopCrypto News
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