The South Korean Financial Services Commission requires the five major trading platforms to delist "Token-type securities."

ChainCatcher news, according to Hankyung, the Korean Economic Daily, the Financial Services Commission of South Korea has instructed the heads of the country's five major cryptocurrency exchanges (Upbit, Bithumb, Coinone, Korbit, and Gopax) to classify "Token-type securities" in trading and revoke their listing qualifications.

The report states that the reason for the Financial Services Commission's directive may be that virtual assets with securities characteristics, regardless of how they are issued, are considered "Token-type securities" rather than "Securities-type Tokens." If this policy is implemented, a significant portion of the Tokens currently listed on virtual asset trading platforms may likely lose their qualification for listing on cryptocurrency exchanges or may be transferred to securities companies. (Source link)