South Korean crypto exchanges initiate token review

A consortium of 20 South Korean cryptocurrency exchanges has launched a six-month review of 1,333 digital assets to address concerns about potential mass delistings under new regulations.

The Digital Asset Exchange Alliance (DAXA) announced this initiative on July 2, aiming to mitigate the risk of sudden, widespread token removals. This review process is mandated by South Korea’s new investor protection laws, set to take effect on July 19.

Major platforms like Bithumb and Upbit must comply with these regulations...