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South Korea’s FSC Eyes End to Crypto Market-Maker Ban After JPYC Blows Past Peg on Upbit
CoinGape·September 28, 2026·1 min read
South Korea's Financial Services Commission (FSC) has announced it will review legalizing crypto market makers, a practice currently banned under the Virtual Asset User Protection Act (VAUPA). The announcement came on September 28 at The Bridge Summit 2026 in Gangnam, Seoul. The review follows JPYC's 4x spike on Upbit, which exposed Korea's order-book problem.
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