TechFlow News, April 13: According to News1, following the erroneous payment incident at Bithumb, the Bank of Korea stated that it is necessary to carefully consider introducing a “circuit breaker” mechanism—similar to those used in traditional financial markets—into the crypto-asset market to address extreme market volatility and systemic risks. The Bank of Korea noted that as the crypto-asset market expands and associated risks increase, existing regulatory measures are insufficient to fully cover potential issues; therefore, it is essential to study the introduction of an automated trading-halting protection mechanism to enhance market stability and investor protection. Previously, Bithumb triggered market attention after a system failure led to abnormal payments affecting some users’ assets.
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