South Korea to Implement Market Maker System in Crypto Sector

South Korean regulators are set to introduce a market maker system for the cryptocurrency market, adapting the framework used in the stock market. According to NS3.AI, the Financial Services Commission plans to include provisions for legalizing market-making activities in a new digital assets law anticipated this month. This initiative is designed to improve trade execution speed and mitigate price volatility by engaging institutional investors in the crypto markets.