South Korea Eyes Crypto Market Makers After JPYC Spikes to 4x Its Yen Peg on Upbit

6 hours ago 3

Rommie Analytics

Key Takeaways:

  • The South Korea Financial Services Commission is considering introducing regulated crypto market making.
  • The conversation continues with an abrupt price rally for JPYC on Upbit, the stablecoin that is backed by the Japanese yen, which has risen well up from its target price.
  • The proposed measures may be part of a larger bill on the second phase of digital asset-related legislation introduced by South Korea.