South Korea implements tougher rules on crypto exchange listings
However, tokens that have been listed on a licensed exchange for over two years may not need to meet these new criteria.
South Korean financial authorities plan to release new guidelines imposing tighter regulations for token listings on centralized crypto exchanges by the end of April or at the latest, early May.
According to local media News 1, South Korean financial authorities will prohibit the listing of virtual assets with hacking incidents on domestic exchanges unless the root cause is thoroughly determined.
Additionally, in the case of foreign virtual assets, they can be listed on domestic exchanges only if there is a white paper or technical manual published for the Korean market.
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