🚀 South Korea's Financial Service Commission (FSC) is tightening the leash on crypto exchanges! 29 registered exchanges, including big names like Upbit and Bithumb, have been told to regularly evaluate their listed tokens. A new law, the Virtual Asset User Protection Law, is set to swoop in by July 19, bringing with it hefty fines and jail time for violations. The exchanges must now review their 600 listed tokens every six months and conduct maintenance reviews every three months. The FSC isn't stopping there - they're also working on new guidelines for crypto transactions and even considering a new bureau focused solely on virtual assets. Buckle up, folks! 🚀