All cryptocurrency exchanges in South Korea are jointly participating in the formulation of self-regulatory management norms for the listing and delisting of digital assets

ChainCatcher news, according to Chosun Biz, all virtual asset exchanges in South Korea are jointly participating in the formulation of the "Self-Regulatory Management Plan for Virtual Asset Trading Support." The self-regulation, previously led by five major won market exchanges, is now expanding to all exchanges to collectively establish self-regulatory norms. This plan is promoted by the Korea Digital Asset Exchange Alliance (DAXA) and aims to establish self-regulatory guidelines for virtual asset trading support through joint consultation. The "General Guidelines for Virtual Asset Trading Support Review" released by DAXA serves as the foundation for the new plan and is widely collecting opinions from various exchanges for improvement.

This collaboration involves not only the five major won market exchanges but also about 20 coin-to-coin market exchanges, marking the first comprehensive cooperation among virtual asset exchanges to establish a self-regulatory mechanism. The country's financial regulatory agency is also actively involved, providing advisory support and requiring exchanges to strengthen the review and supervision of listed assets.

The new self-regulatory plan is expected to be announced around July 19, coinciding with the implementation of the "Virtual Asset User Protection Act," and industry professionals are actively working to upgrade the existing guidelines and enhance relevant regulatory content.