Policy
JPYC’s 4x spike on Upbit forces South Korea crypto regulation review
The Cryptonomist·September 28, 2026·1 min read
A yen-pegged stablecoin, JPYC, briefly traded at over four times its intended value on South Korea's Upbit exchange, prompting regulators to reconsider rules that have kept professional market makers out of the country's digital-asset trading. The incident has become a live case study for potential regulatory changes in South Korea's crypto market.
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