South Korean regulator to curb drastic crypto price swings post-listing

South Korea's Financial Supervisory Service (FSS) is set to implement new measures aimed at preventing sharp price fluctuations of cryptocurrencies immediately after their listing on exchanges, according to an exclusive report by MTN News. This decision comes in the wake of significant price volatility observed in December with the Movement (MOVE) token, which saw significant volatility following its debut on local crypto exchanges. The FSS, in collaboration with crypto exchanges and the Digital Asset eXchange Alliance (DAXA), as well as external experts, has formed a task force to establish best practices for self-regulation. These measures are intended to bridge the regulatory gap until the second-phase crypto bill is legislated and implemented.