TREE NEWS reports: South Korean regulators are weighing whether to allow crypto market makers, a practice effectively barred under the country’s market manipulation rules. The rethink follows a spike in JPYC on Upbit this month, when the yen-pegged token traded at four times its peg.
South Korea Reviews Crypto Market Maker Rules After JPYC Peg Break
AI take
The JPYC episode exposes a structural gap rather than a single bad print: a yen-pegged token trading at a multiple of its peg on a Korean venue points to thin liquidity that official market makers are currently barred from supplying. If regulators move, the change would reshape how Korean exchanges handle listing-day and low-float tokens, where price discovery is most fragile. The open question is whether Seoul treats market making as a legitimate liquidity service or continues to see it through a manipulation lens.
Generated by AI for reference only.
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