Boost

Coin

<ul class="news-points">
 <li>South Korea reviews 1,333 tokens to check their compliance with user protection legislation in the next six months.</li>
 <li>The announcement eliminates speculations of a mass token delisting.&nbsp;</li>
 <li>20 exchanges have partnered with DAXA, establishing self-regulatory guidelines for listing and delisting tokens.</li>
</ul>
South Korea plans to systematically assess 1,333 altcoins over the next six months to determine compliance with the nation’s forthcoming user protection legislation, set to take effect on July 19th. This review, while extensive, lessens concerns of a potential “mass delisting” in the country’s crypto market, as indicated in a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-07-02/south-korea-crypto-exchanges-seek-to-dispel-fears-of-altcoin-delistings?utm_source=telegram&amp;utm_content=crypto&amp;utm_medium=social" target="_blank" rel="noopener noreferrer nofollow">report</a>.
The proposed <a href="https://www.koreatimes.co.kr/www/biz/2024/06/816_376711.html" target="_blank" rel="noopener noreferrer nofollow">review</a>, encompassing over 600 digital assets currently traded on South Korean crypto exchanges, is a key component of the country’s first comprehensive law on virtual asset user protection. Twenty-nine crypto trading platforms, including prominent exchanges like Upbit, Gopax, and Bithumb, have been tasked with evaluating their listed tokens’ adherence to the new regulations.
South Korea’s crypto market is notably dominated by smaller tokens, rather than Bitcoin. Initial concerns about a potential mass delisting…
The post <a href="https://coinedition.com/daxa-leads-altcoin-review-in-south-korea-aims-to-boost-investor-confidence/" rel="noopener noreferrer nofollow">DAXA Leads Altcoin Review in South Korea, Aims to Boost Investor Confidence</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

DAXA Leads Altcoin Review in South Korea, Aims to Boost Investor Confidence

Coin Edition

Další články publikované 2. 7. 2024

Is Binance planning to quit the Turkey market?

Crypto: 78% of Ethereum is Held by Long-Term Investors

TD Sequential Signals Buy for Dogecoin: Major Rebound Ahead?

Top Crypto Experts Explain Why You Need To Add Brett And Mpeppe (MPEPE) To Your Holdings

Europe’s Biggest Bitcoin Mining Company Plans $16B U.S. IPO

From Ethereum to Aptos: Aave’s Latest Adventure Could Set a New Standard for DeFi Platforms

Join our free newsletter for daily crypto updates!