PANews reported on February 7 that according to Money Today, the Financial Services Supervisory Agency (FSS) of South Korea plans to implement new measures to prevent drastic price fluctuations of cryptocurrencies after they are listed on exchanges. This decision was made after observing significant price fluctuations in the Movement (MOVE) tokens that were launched in December.

South Korea’s Financial Services Supervisory Service (FSS) has formed a task force in collaboration with crypto exchanges, the Digital Asset Exchange Alliance (DAXA), and external experts to develop best practices for self-regulation. These measures are intended to fill regulatory gaps until the second phase of the cryptocurrency bill is legislated and implemented.