South Korea’s proposed circuit breaker system for crypto exchanges has sparked debate over its trigger standards. Modeled after stock market mechanisms, it aims to curb extreme volatility by halting trading during sharp price swings. Supporters argue it protects investors from panic selling and stabilizes markets, citing past crypto crashes. Critics, however, warn that overly strict triggers could disrupt liquidity and hinder decentralized trading, potentially driving investors to unregulated platforms. The Virtual Asset Committee is refining thresholds, but disagreements persist on balancing stability with market freedom. Some fear it could set a precedent for heavier regulation, while others see it as a step toward mainstream adoption. The outcome will shape South Korea’s crypto landscape and influence global regulatory trends.