South Korean Regulators May Intervene in Cryptocurrency Listing Review

The local media reported that South Korean financial authorities are discussing possible mandates for companies to pursue direct approval from regulators to list their cryptocurrencies on local digital assets exchanges. Such a bill may be included in South Korea’s upcoming Digital Asset Basic Act.

Currently, crypto exchanges themselves are responsible for reviewing new token listings in South Korea, a process that regulators believe may increase risks and losses for investors.

Source

Policy and Regulation

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