According to Foresight News, the Korean Digital Asset Exchange Alliance (DAXA) has announced a collaboration with 20 virtual asset exchanges in South Korea. The partnership aims to establish the 'Virtual Asset Trading Support Demonstration Case' based on the 'Virtual Asset User Protection Law' to ensure market order and user protection. The implementation is planned to commence from July 19, 2024. The alliance will conduct formal and quality reviews of new virtual assets that exchanges wish to list.
In addition, virtual assets already in circulation will be reviewed again within six months after the implementation. The review will cover 1333 types of tokens. However, the possibility of a large number of delistings in a short period is relatively low.