Bank of Korea calls for stock-style circuit breakers on BTC exchanges

What Happened

South Korea's central bank recommends installing circuit breakers on cryptocurrency exchanges, similar to stock market safeguards. The proposal would halt trading during sharp price swings or abnormal orders. The recommendation follows a February Bithumb incident where an employee error distributed $43 billion in phantom bitcoin, causing a 17% price drop. The central bank suggests incorporating these rules into the pending Digital Asset Basic Act.

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