South Korea releases listing standards for virtual assets, may reassess 1333 types of tokens within half a year

BlockBeats reports that on July 2, according to decenter, the Digital Asset Exchange Alliance (DAXA) in South Korea has established listing standards for virtual assets. In order to comply with the implementation of the "Virtual Asset User Protection Law" next month, listings will be audited based on four requirements. Once this law takes effect, all Korean cryptocurrency exchanges will officially implement these guidelines.

In addition, within six months from the date of implementation, about 1333 virtual assets currently being traded will be re-evaluated. From January to June this year, DAXA member trading platforms have delisted a total of 39 cryptocurrencies. Despite increased scrutiny, industry insiders do not expect a large-scale one-time delisting event.