Coinspeaker
South Korea to Introduce Stringent Guidelines for Crypto Exchange Listings in May

According to reports from local media outlet News1, the move is part of the country’s efforts to enhance transparency and security within its rapidly growing digital asset market. 

The upcoming guidelines, spearheaded by South Korean financial authorities, aim to fortify investor protection and uphold market integrity. The rules are slated for release by the end of April or early May. Once implemented, crypto exchanges within and outside the country will be obligated to comply with the guidelines.  

Under the new rules, South Korean-based crypto exchanges are restricted from listing tokens associated with projects that have been exploited in the past unless thorough investigations into the root causes and security resolutions are completed.

The guidelines also propose stringent criteria for foreign crypto projects seeking listings on South Korean exchanges. 

According to the report, the law demands that these projects publish detailed whitepapers or technical manuals explicitly tailored for the South Korean market before being accepted ...