🎉Good news! 20 crypto exchanges in South Korea have teamed up with the Digital Asset Exchange Alliance (DAXA) to develop a self-regulatory code of conduct, "Best Practices in Supporting Virtual Asset Trading". This code of conduct details the best practices for listing and delisting virtual assets in preparation for the upcoming implementation of the Virtual Asset User Protection Act on July 19. 📜

👍Once this bill comes into effect, all crypto exchanges in South Korea will officially implement these guidelines. Moreover, within six months from the date of implementation of the guidelines, approximately 1,333 virtual assets currently traded will be re-evaluated. 💼

📊During January to June this year, DAXA member exchanges delisted a total of 39 cryptocurrencies. Although the scrutiny has intensified, the industry does not expect a large-scale one-time delisting. This is good news for Bitcoin, as its stability and liquidity may be further guaranteed. 🚀

So, let's look forward to the implementation of this new bill and guidelines and see how they will affect the cryptocurrency market in South Korea and around the world! 🌐