South Korea Introduces Stricter Rules for Crypto Exchange Listings Amid Rising Concerns

South Korea is set to implement stricter regulations for token listings on centralised crypto exchanges, with new guidelines expected to be released by the end of April or early May, according to local media reports. The regulations aim to prohibit the listing of digital assets associated with hacking incidents on domestic exchanges unless the root cause is thoroughly investigated. Additionally, foreign digital assets may only be listed on South Korean exchanges if a white paper or technical manual is provided specifically for the local market. However, tokens already listed on licensed exchanges for over two years may be exempt from these new requirements. Furthermore, the directives may require exchanges to delist cryptocurrencies if issuers fail to adequately disclose essential information, such as discrepancies in circulation amounts.