South Korea’s crypto exchanges are set to re-evaluate over 1,000 tokens listed earlier, following new rules under the Virtual Asset User Protection Act. Starting July 19, around 20 domestic exchanges will review 1,333 tokens over six months, as announced by the Digital Asset Exchange Alliance (DAEX).
Despite the re-evaluation, mass delistings are unlikely due to pre-existing monitoring criteria. The alliance will only reveal disqualification criteria to prevent market misuse. Major exchanges, including Upbit, Bithumb, and Coinone, will assess tokens based on reliability, user protection, technology, and compliance.
Notably, tokens traded normally for over two years in regulated markets will face less strict reviews. This move aims to safeguard investors without causing market disruption. The strategic re-evaluation reflects South Korea’s commitment to a balanced, secure crypto market.
