South Korea’s incoming crypto investor protection laws will see local exchanges review over 1,300 listed tokens over the next six months.
A group of 20 South Korean crypto exchanges have allayed fears that the country’s new digital asset rules would result in them delisting a mass of tokens at once.
The exchanges will review a total of 1,333 cryptocurrencies over the next six months as part of the new crypto user protection laws, meaning “the possibility of mass delisting occurring all at once is unlikely,” the Digital Asset Exchange Alliance (DAXA) said in a July 2 statement.
South Korea’s exchanges, including the country’s largest Bithumb and Upbit, must review the cryptocurrencies listed on their platforms as part of the nation's new investor protection laws that come into force on July 19.
