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BOK Says Crypto Market May Need Circuit Breakers

BOK Says Crypto Market May Need Circuit Breakers

  • The Bank of Korea said crypto markets may need circuit breakers and other trading controls to improve operational stability.
  • The BOK cited weak internal controls at crypto exchanges as a key risk and said dual-verification procedures and automated control systems are needed.
  • The BOK said system upgrades, including mechanisms that temporarily halt trading during sharp price swings, could improve the credibility and stability of the crypto market.

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Photo: Poetra.RH/Shutterstock
Photo: Poetra.RH/Shutterstock

The Bank of Korea said the cryptocurrency market may need circuit breakers and other trading controls to improve operational stability.

In its Payment and Settlement Report published on April…

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