Financial Supervisory Service Forms TF Team to Prevent Cryptocurrency Price Volatility Post-Listing

The Financial Supervisory Service is expected to establish a TF team to prevent the sharp price fluctuations of cryptocurrencies immediately after listing.

According to industry sources on the 7th, the Financial Supervisory Service plans to form a TF team with the Financial Supervisory Service, △cryptocurrency exchanges △Digital Asset Exchange Joint Consultative Body (DAXA) △and external experts to establish best practices as part of self-regulation.

Previously, at the end of last year, the price of Movement experienced sharp fluctuations immediately after being supported for trading on cryptocurrency exchanges. The TF team aims to prevent the recurrence of such incidents by revising and supplementing existing best practices for cryptocurrency trading support.

While the best practices for cryptocurrency trading support distributed by the Financial Supervisory Service in July last year focused on pre-listing content, this TF team plans to focus on post-listing cryptocurrency liquidity and trading support cases.