TechFlow news, the South Korean financial authorities plan to release new guidelines by the end of April or early May at the latest, imposing stricter regulations on tokens listed at centralized cryptocurrency exchanges.
According to local media News 1, the South Korean financial authorities will ban virtual assets that have experienced hacking incidents from being listed on domestic exchanges unless the root cause is thoroughly identified.
In addition, for foreign virtual assets, listing on domestic exchanges will only be permitted if a white paper or technical documentation specifically targeting the Korean market has been published. However, tokens already listed on licensed exchanges for more than two years may be exempt from these new requirements.
The guidelines may also stipulate that if an issuer fails to adequately disclose critical information—such as discrepancies between actual circulating supply and disclosed amounts—the exchange must delist the cryptocurrency.
The report further notes that the South Korean government is currently soliciting feedback from local exchanges. Since the second half of last year, financial regulators have been consulting with exchanges, including the Digital Asset Exchange Association (DAXA), to establish listing guidelines.
