According to Foresight News, the Financial Supervisory Service (FSS) of South Korea has confirmed that it will include token delisting standards in the best practices of the Virtual Asset User Protection Act to be released in early June. An official said that the best practices to be released will include not only the listing standards for virtual assets, but also guidelines on whether to maintain listed virtual asset transactions.
The guidelines will provide a basis for cryptocurrency issuers to delist when problems arise. Currently, the Financial Supervisory Service is developing these guidelines to support cryptocurrency exchanges in self-regulation before the implementation of the Virtual Asset User Protection Act in July. The best practices proposed include standards for virtual asset issuance, circulation and trading support, prohibiting the listing of virtual assets with a history of hacking attacks, and publishing Korean white papers and technical manuals when listing overseas virtual assets.