Wu said that according to Digital Today, 20 crypto exchanges in South Korea and the Digital Asset Exchange Alliance (DAXA) have jointly developed self-regulatory guidelines that outline the best practices for listing and delisting virtual assets. The move is in preparation for the Virtual Asset User Protection Act, which is scheduled to be implemented on July 19. Once the bill comes into effect, all Korean crypto exchanges will officially implement these guidelines. In addition, within six months from the date of implementation, about 1,333 virtual assets currently traded will be re-evaluated. Despite the increased scrutiny, the industry does not expect a large-scale one-time delisting.