South Korea weighs crypto market makers after JPYC trades at 4 times peg

Crypto Insight Summary: Crypto market making is effectively restricted under South Korea’s manipulation rules, but regulators are reconsidering the approach after a JPYC spiked on Upbit this month. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: South Korea's potential easing of market making rules could improve liquidity but not immediately.