Cryptocurrencies
South Korean Crypto Exchanges Seek to Dispel Fears of Delistings
- Nation is a key font of demand for speculative smaller tokens
- Some assets could fall foul of new investor protection rules
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South Korea’s leading crypto exchanges sought to push back on the idea that new rules to protect investors may quickly choke some of the nation’s hallmark speculative trading in smaller digital assets.
The platforms will review their listings of such so-called altcoins to ensure compliance with the user protection legislation that comes into effect on July 19, according to the Digital Asset Exchange Alliance, an industry trade body.