The Bank of Korea suggests that cryptocurrency exchanges should introduce circuit breaker mechanisms.

The annual settlement report of the Bank of Korea suggests that cryptocurrency exchanges should consider implementing circuit breaker measures to prevent abnormal trading and respond to sudden market fluctuations. This proposal was made after a Bitcoin transfer incident at Bithumb, the second largest cryptocurrency exchange in South Korea. The Bank of Korea attributes this incident to a lack of internal compliance measures, stating that compared to traditional financial institutions, the internal controls of the virtual asset industry are poorer and regulation is weaker.