On May 10, South Korea’s Financial Supervisory Service (FSS) confirmed that it would include token delisting standards in the “Best Practices for Complying with the Virtual Asset User Protection Act” released in early June.
An official from the Financial Supervisory Service said in a call with Bloomberg on Tuesday that the upcoming Best Practices for Compliance with the Virtual Asset User Protection Act will include not only the listing standards for virtual assets, but also guidelines on whether to maintain listed virtual asset trading. The guidelines will provide a basis for cryptocurrency issuers to delist when problems arise. The guidelines will be issued in late May to early June.
Currently, the Financial Supervisory Authority is developing guidelines to support cryptocurrency exchanges in self-regulating before the Virtual Asset User Protection Law is implemented in July.
