South Korean crypto exchanges and the industry’s main trade association announced new self-regulatory standards that will be implemented on July 19. This implies a reevaluation of over 1,300 cryptocurrencies already being traded on domestic platforms. If in the future a new cryptocurrency is to be listed, the exchange will need to examine the token on both formal and qualitative requirements. The formal requirements, which set standards on issuers’ credibility, investor protection measures, security, and compliance, are non-negotiable i.e. a token that does not qualify for any one of the criteria cannot be listed for trading.

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