TechFlow News — According to South Korean media, the Financial Supervisory Service (FSS) of South Korea has formed a virtual asset listing task force together with external experts. The group has begun preparing regulatory standards for listing, maintaining listings, and delisting virtual assets, aiming to finalize conclusions and report to the National Assembly several months before the implementation of the "Virtual Asset User Protection Act" in July 2024.
The guidelines aim to address the chaos and harm caused by frequent listing and delisting of virtual assets.
Industry officials anticipate that these guidelines will carry stronger binding influence, prompting the industry to adopt self-regulation measures to protect users and enhance the effectiveness of the standards.
