All crypto exchanges in South Korea are jointly participating in the formulation of new self-regulatory regulations for listing and delisting coins
On June 21st, it was announced that all virtual asset exchanges in South Korea are jointly participating in the development of a "Virtual Asset Trading Support Self-Regulation Plan," marking a significant shift in the self-regulatory model of the cryptocurrency market. The self-regulation, which was previously led by the five major Korean won market exchanges, is now expanding to include all exchanges in order to establish common self-regulatory standards. This plan is being promoted by the Korean Digital Asset Exchange Association (DAXA), with the aim of jointly developing self-regulatory guidelines for virtual asset trading through consultation. The "Virtual Asset Trading Support Review General Guidelines" published by DAXA will serve as the basis for the new plan, and opinions from various exchanges are being collected to improve it.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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