Delist Order for Some Tokens from South Korea to 5 Major Cryptocurrency Exchanges

The South Korean Financial Services Commission (FSC) has sent instructions to 5 major stock exchanges that are members of the Digital Asset Exchange Association (DAXA) to delist the tokens, which are securities, from all cryptocurrency exchanges in the country.

According to a February 1 report by a local agency, the South Korean Financial Services Commission Upbit, Bithumb, Coinone, Corbit and Gopax created by To the Digital Asset Exchange Association security tokens from all cryptocurrency exchanges in the country don’t delist gave the order.

Experts agree that this decision enter into force in the case of many tokens from cryptocurrency exchanges to traditional financial institutions that it can be transferred. In the Commission statement, securities characteristic your every being from the naming independent aspect securities stated it would.

According to the information given, DAXA’s February 9 on the market until active from the actors feedbacks reporting to the commission to transmit Waiting.

Frequently on the agenda with its conservative approaches to the crypto money ecosystem. South Korea, to prevent cryptocurrencies from becoming the subject of criminal transfers. “Crypto Currency Tracking System” a new system called to implement announced that he was ready.

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