標題：韓國當局正在尋求引入旨在遏制加密貨幣價格急劇尖峰的新法規

投入：韓國當局尋求引入新的法規，旨在遏制加密貨幣價格急劇的尖峰，並在列為投資者損失山後。

South Korean authorities are considering new regulations to mitigate the sharp spikes in cryptocurrency prices immediately after listing, as investor losses continue to rise.

韓國當局正在考慮新的法規，以減輕上市後立即減輕加密貨幣價格的尖銳峰值，因為投資者損失繼續上升。

The Korea Economic Daily reported on Tuesday that financial authorities are discussing imposing a “listing beam breaker” to temporarily restrict trading of specific cryptocurrencies if their prices surge dramatically after listing.

《韓國經濟日報》週二報導說，金融當局正在討論施加“上市光束斷路器”，以暫時限制特定加密貨幣的交易，如果其價格在上市後急劇上漲。

This measure is a response to the phenomenon of “listing beam,” where a newly listed coin's price soars like a laser beam right after it becomes available for trading.

該措施是對“清單光束”現象的回應，在該現像中，新列出的硬幣的價格像激光光束一樣飆升，就像激光光束可用於交易之後。

The move comes amid increasing concerns over the huge losses that some investors have suffered due to the sharp spikes and subsequent crashes in cryptocurrency prices shortly after listing.

這一舉動是由於對某些投資者遭受的巨大損失的擔憂越來越多，由於上市後不久，由於急劇的尖峰和隨後的加密貨幣價格崩潰。

According to sources from the crypto industry, the financial authorities are pushing to introduce a cool-down system that would temporarily restrict trading of specific cryptocurrencies if their prices surge dramatically after listing.

根據加密貨幣行業的消息來源，金融當局正在努力引入一個涼爽的系統，如果其價格在上市後急劇上漲，該系統將暫時限制特定加密貨幣的交易。

This measure is designed to suppress speculative demand by halting trading in coins that experience extreme price volatility.

該措施旨在通過停止經歷極端價格波動的硬幣的交易來抑制投機需求。

Unlike stock market-wide mechanisms such as the sidecar or circuit breaker, this would apply only to individual coins showing abnormal fluctuations.

與諸如邊防或斷路器之類的股票市場機制不同，這僅適用於顯示異常波動的單個硬幣。

The authorities are also considering a rule where, if a coin's price skyrockets on one exchange and diverges significantly from its price on other exchanges, only the trading on that specific exchange would be restricted.

當局還在考慮一項規則，如果硬幣的價格在一個交易所上的飛機售出並與其他交易所的價格顯著分歧，則只有該特定交易所的交易將受到限制。

Major coins such as Bitcoin and Ethereum are expected to be excluded as the measures under consideration target only coins that are vulnerable to price manipulation.

預計比特幣和以太坊等主要硬幣將被排除在外的措施，僅考慮了容易受到價格操縱的硬幣。

“We are reviewing measures such as restricting trading of specific coins in order to protect investors,” an official from the Financial Services Commission (FSC) was quoted as saying.

援引金融服務委員會（FSC）的官員的說法：“我們正在審查諸如限制特定硬幣以保護投資者的措施。”

It is not uncommon for coin prices to fluctuate sharply after listing in Korea's crypto market.

在韓國加密貨幣市場上市後，硬幣價格急劇波動並不少見。

In December 2024, Movement Coin, which was listed on Coinone at 215 won ($0.15), soared to 998,500 won in just three minutes - a 46,000-fold increase - before crashing to 10,000 won five minutes later and further dropping to 800 won within two hours.

2024年12月，在Coinone上以215韓元（0.15美元）上市的運動硬幣在短短三分鐘內飆升至998,500韓元 - 增加了46,000倍 - 在五分鐘後墜毀至10,000贏，在兩個小時內進一步降至800韓元。

At the time, the same coin was trading at about $0.45 on overseas exchanges.

當時，同一枚硬幣在海外交易所的交易價格約為0.45美元。

Industry experts attribute this phenomenon to the limited initial coin supply and high investor expectations immediately after listing.

行業專家將這種現象歸因於有限的初始硬幣供應和上市後的高度投資者期望。

Market manipulation fueled by excess domestic liquidity and scarce coin availability during the early listing phase is also a contributing factor.

在上市階段，國內流動性過多和稀缺的硬幣可用性所推動的市場操縱也是一個促成因素。

However, there are concerns about the proposed regulation.

但是，對擬議的法規有一些擔憂。

Some in the industry warned that suspending trading on only one exchange could unfairly harm users of that specific platform.

行業中的一些人警告說，僅在一個交易所進行交易的暫停可能會不公平地損害該特定平台的使用者。

They stressed the importance of clearly defining the criteria and scope of these restrictions to minimize harm to ordinary investors.

他們強調了明確定義這些限制的標準和範圍以最大程度地減少對普通投資者的傷害的重要性。