According to Newsis, the Bank of Korea revealed that following the February incident where Bithumb mistakenly issued 620,000 Bitcoins, it has suggested introducing a circuit breaker mechanism in the crypto asset industry to handle abnormal transactions and extreme price fluctuations. They also pointed out that the incident stemmed from a lack of internal controls, including insufficient approvals and monitoring, inadequate reconciliation between ledgers and on-chain balances, etc. The bank proposed implementing dual verification, real-time automated reconciliation, and error prevention systems to enhance transaction security and risk management. https://(wublock123.com)/news/south-korea-central-bank-proposes-crypto-circuit-breaker-59439