According to PANews, South Korea's Financial Services Commission (FSS) is set to introduce new measures aimed at preventing significant price fluctuations of cryptocurrencies after they are listed on exchanges. This decision follows the notable price volatility observed with the Movement (MOVE) token, which was launched in December.
The FSS is collaborating with cryptocurrency exchanges, the Digital Asset Exchange Alliance (DAXA), and external experts to form a dedicated task force. This group is tasked with developing best practices for self-regulation. These measures are intended to address regulatory gaps until the second phase of cryptocurrency legislation is enacted and implemented.