Loading...
JPYC was launched on Upbit on September 17th, with prices soaring from 12 Korean won to 37.6 Korean won, a more than threefold increase. Due to the prohibition of market making under South Korea's Virtual Asset User Protection Law, Upbit's initial transaction volume reached 2.4 trillion Korean won, with over 21200 investors buying at a premium of over 10%, involving approximately 260 billion Korean won. As of September 21, 3792 people still suffered losses of nearly 5 billion Korean won. South Korea plans to legalize market making through the Digital Asset Basic Law (source: Crypto Briefing).