South Korea’s FSC Weighs Legalizing Crypto Market Making

The signal here is less about market making itself than about the FSC framing exchanges as infrastructure warranting public oversight, using a stablecoin price dislocation as the hook. That framing matters for Korean exchanges and the liquidity providers currently operating around the restriction, since legalizing market making would formalize a role now handled informally. The absence of a timeline or formal decision leaves the scope undefined — whether the review extends to stablecoin listing standards or stays narrow to market making is the open question.