The Bank of Korea, in its latest payment and settlement report, recommended introducing a "circuit breaker mechanism" similar to that in the stock market to the local cryptocurrency market to address the risks of extreme price volatility. The report pointed out that in February, Bithumb mistakenly transferred approximately 620,000 BTC (worth about $43 billion at the time) due to an operational error, causing a short-term drop of about 15% in the BTC/KRW trading pair on the platform and resulting in losses for users. The Bank of Korea believes this incident reflects shortcomings in the internal controls and regulation of the cryptocurrency market. Furthermore, the central bank recommended that exchanges establish abnormal transaction detection and rapid suspension mechanisms and introduce relevant market protection measures in the upcoming Digital Assets Basic Law. (The Block)