South Korea will implement its first crypto bill on user protection on July 19. As a result, South Korean financial authorities have notified nearly 30 registered exchanges to review the more than 600 cryptocurrencies they list in it. Under the new law, companies that do not comply could face severe criminal penalties.
An official with the financial authority said that exchanges are obliged to review their listed tokens every six months and conduct "maintenance reviews" every three months. During this process, platforms including Upbit, Bithumb, Coinine and Korbit must decide whether they can continue to support the trading of the reviewed cryptoassets.
South Korea will review 600 listed cryptoassets
2024-06-18 06:21:53
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