South Korea's new self-regulatory guidelines for listing and delisting coins have been released, and 1,333 tokens will be re-evaluated within six months

CoinVoice recently learned that according to Digital Today, 20 crypto exchanges in South Korea have jointly developed self-regulatory guidelines with the Digital Asset Exchange Alliance (DAXA), which outlines the best practices for listing and delisting virtual assets. DAXA is an industry organization composed of the five largest cryptocurrency exchanges in South Korea. This move is in preparation for the "Virtual Asset User Protection Act" scheduled to be implemented on July 19.

Once the bill comes into effect, all South 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. Between January and June of this year, DAXA member exchanges delisted a total of 39 cryptocurrencies. Despite the increased scrutiny, the industry does not expect a large-scale one-time delisting. [Original link]