South Korean Crypto Exchanges Set to Review Over 1,300 Tokens

cryptonews.com:

In a move to bolster investor protection, South Korean crypto exchanges, working alongside the Digital Asset Exchange Alliance (DAXA), unveiled on July 2 a set of comprehensive guidelines for the re-evaluation of listed cryptocurrencies.

This initiative, slated to commence on July 19, coincides with the rollout of South Korea’s first regulatory framework designed specifically for crypto investor protection.

These self-regulatory standards, developed by 20 South Korean crypto exchanges, introduce a comprehensive evaluation process for both existing and new cryptocurrencies.

According to the July 2 statement, 1,333 tokens currently traded in South Korea will undergo re-examination within a six-month grace period.

DAXA, however, believes mass delistings are improbable. This confidence stems from the fact that major exchanges have already been adhering to comparable standards.

South Korean cryptocurrency exchanges are set to reevaluate over 1,300 tokens!