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South Korea's FSC Weighs Crypto Market Makers After JPYC Hits 37.6 Won on Upbit
COINOTAG·September 28, 2026·1 min read
Yen-backed stablecoin JPYC spiked to 37.6 won on Upbit, over four times its peg, pushing South Korea's FSC to review allowing crypto market makers. The premium suggests thin order books and potential manipulation, prompting regulators to consider formal market-making rules.
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