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South Korean regulators will implement new measures to prevent Cryptocurrency from experiencing drastic Fluctuation after being listed on exchange
PANews reported on February 7th that the Financial Services Commission (FSS) of South Korea plans to implement new measures to prevent significant price fluctuations of cryptocurrencies after they are listed on exchanges. This decision was made after observing the significant price fluctuations of the Movement (MOVE) Token, which was launched in December. The Financial Services Commission (FSS) of Korea has established a special task force in collaboration with encryption exchanges, digital asset exchange alliances (DAXA), and external experts to develop best practices for self-regulation. These measures aim to fill the regulatory gap until the second phase of the Cryptocurrency Act is legislated and implemented.