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South Korea reviews crypto market-making rules after JPYC surge on Upbit

First reported September 28, 2026 by Cointelegraph · covered by 4 sources

In short

South Korean regulators are reviewing rules on crypto market makers after JPYC traded at about four times its peg on Upbit. Market making is effectively restricted under the country’s market-manipulation rules, and the review could consider allowing it.

JPYCJPYCSouth KoreaUpbit

Written by our news service from the 4 sources below, updated September 28, 2026.

Timeline
  1. Sep 28, 05:42 UTC · Cointelegraph
    South Korea weighs crypto market makers after JPYC trades at 4 times peg ↗
All coverage
South Korea’s FSC Reviews Crypto Market-Making Rules After JPYC Spike

South Korea’s FSC Reviews Crypto Market-Making Rules After JPYC Spike

South Korea’s Financial Services Commission (FSC) is reviewing whether to introduce a formal market-making framework for digital assets after a sharp price distortion involving yen-pegged stablecoin JPYC on Upbit raised concerns over liquidity and investor protection. FSC Director of Digital Finance Policy Yoo Young-jun said on September 28 that the

JPYCJPYCSouth Korea
Sep 28, 2026 · byTheNewsCrypto