South Korean Crypto Exchanges Set Guidelines to Address Mass Delisting Fears

Quick Summary:

South Korean crypto exchanges have unveiled new guidelines seeking to avert large-scale crypto delistings ahead of upcoming legislation.

It comes ahead of the country’s forthcoming "Virtual Asset User Protection Act," set to take effect on July 19.

User protection measures, meanwhile, include issuing termination notices and providing grace periods for users to manage their assets.

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Article Details

Author / Journalist: Sebastian Sinclair

Category: Crypto

Markets: EstoniaSouth Korea

Topics: Crypto exchanges Regulation Exchanges Law and Order South korea

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-03 @ 07:23:59 (2 days ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 356 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 21469308

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Year Established: 2018

Headquarters: Estonia

News Last Updated: 2 days ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

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