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The story of cryptocurrency circuit breakers at the Bank of Korea is not so much about a surprising headline, but more about a central bank using the latest payments report to push South Korea toward currency exchange guarantees after the incorrect Bitcoin distribution by Bithamp exposed operational risks and risks related to market safety.
The Bank of Korea published its notice dated April 13, 2026, on the attached Payment and Settlement Report for 2025.
The official notice states that the report includes a reference box about the recent “incorrect Bitcoin payment incident at Bithamp Exchange,” and another about “stablecoin price rises and falls.”
One main headline in the Y Toaday described this move as a demand, but Korea JoongAng Daily and Cointelegraph described the policy as a call for lawmakers to consider precautionary measures similar to circuit breakers.#GateFounderDrHan13thAnniversaryLetter $BTC #GateFounderDrHan13thAnniversaryLetter #CryptoMarketsDipSlightly #IsraelStrikesIranBTCPlunges #USBlocksStraitofHormuz $GT $ETH