South Korean authorities contemplate the outcome of new bill around listing of cryptocurrencies However, South Korean regulators were divided on the idea As per a local news report from South Korea, financial authorities were contemplating whether companies should be mandated to seek direct approval from regulators to list their cryptocurrencies on local digital asset exchanges. […]
However, South Korean regulators were divided on the ideafrom South Korea, financial authorities were contemplating whether companies should be mandated to seek direct approval from regulators to list their cryptocurrencies on local digital asset exchanges.
Such a bill could be included in South Korea’s upcoming Digital Asset Basic Act. This would establish an all-encompassing regulatory framework for digital assets. However, regulators were divided on the idea. South Korea’s Digital Asset Exchange Joint Consultative Body stated the WEMIX token would be delisted in December 2022. In Japan, the Virtual and Crypto assets Exchange Association , a self-regulatory body that oversees local crypto exchanges and examines new listings, was reportedly looking to ease the vetting process.
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