! ! Latest news! ! New Korean order! !
🌟 New Korean order: South Korean financial authorities announced that they will launch a strict cosmic review of about 600 cryptocurrencies on domestic exchanges to ensure that they are perfectly aligned with the new regulations of the Virtual Asset User Protection Act that came into effect on July 19!
🛠️ Best Practices Program: According to the latest news from local media, the South Korean government has formulated a new set of best practices plans, setting stricter new requirements for exchanges to list cryptocurrencies. This marks that regulators will move from simple internal reviews of exchanges to establishing a more rigorous review process.
🔍 Core focus: The focus of the new regulations is on online screening. Currently, exchanges review and list cryptocurrencies on their own, but the implementation of the best practices plan will set cosmic standards that all listed cryptocurrencies must meet.
🔄 Regular review: A person from the financial authorities revealed: "Exchanges need to review whether they maintain trading support for virtual assets every 6 months." Subsequent reviews will be more frequent, conducted every three months to ensure continued compliance and user protection in the market.
🚀 Join Investment Observer: In this evolving crypto universe, this move by South Korea will undoubtedly lead a new regulatory trend. Follow the hours, closely follow this change, explore the mysteries of South Korea's regulation, and witness the healthy growth of the cryptocurrency market together!
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