ChainCatcher news, according to Digital Today, 20 South Korean cryptocurrency exchanges have jointly established self-regulatory guidelines with the Digital Asset Exchange Alliance (DAXA), outlining best practices for listing and delisting virtual assets. DAXA is an industry organization composed of South Korea's five largest cryptocurrency exchanges. This move is in preparation for the "Virtual Asset User Protection Act," which is set to take effect on July 19.Once the law is enacted, all South Korean cryptocurrency exchanges will officially implement these guidelines. Additionally, within six months from the date of implementation, approximately 1,333 virtual assets currently traded will be reassessed. From January to June of this year, DAXA member exchanges delisted a total of 39 cryptocurrencies. Despite the increased scrutiny, the industry does not expect a large-scale, one-time delisting to occur.