Odaily Planet Daily News: 20 crypto exchanges in South Korea and the Digital Asset Exchange Alliance (DAXA) jointly formulated the self-regulatory code "Best Practices in Supporting Virtual Asset Transactions", 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. The 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 Korean crypto exchanges will formally implement these guidelines. In addition, within six months from the date of implementation of the guidelines, approximately 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. (Digital Today)