South Korea crypto body says mass token delistings ‘unlikely’ amid new laws

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South Korea’s top exchanges say the mass delisting of cryptocurrencies is unlikely following the review of more than 1,300 tokens under new investor protection laws.

South Korea’s incoming crypto investor protection laws will see local exchanges review over 1,300 listed tokens over the next six months.

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 said in a July 2exchanges, including the country’s largest Bithumb and Upbit, must review the cryptocurrencies listed on their platforms as part of the nation's newThe industry body said it created a best practices guideline in conjunction with...

 

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