Bank of Korea calls for ‘circuit breaker’ in local crypto market, citing Bithumb incident
By Danny Park
The Bank of Korea (BOK) has called for a 'circuit breaker' mechanism in the local cryptocurrency market, citing Bithumb exchange's mistaken transfer of 620,000 BTC. The BOK is advocating for stricter internal control regulations on local crypto exchanges to prevent such incidents. This measure aims to enhance market stability amid operational risks.
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