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It is said that the Korean exchange is planning to establish best practices for listing and review them through evaluation criteria.

Check the delisting warning stocks in advance and manage risks!

📕 Financial authorities' exchange listing guidelines (News on June 14)

✅ The financial authorities plan to establish "Best Practices for Virtual Asset Trading Support (Listing)" and provide support for its implementation from July 19th.

The coin listing criteria consists of a total of 9 requirements, and a maintenance review is conducted once a quarter.

🔔 Official review criteria

• Reliability of the issuer
  : If the issuer does not disclose major information related to virtual assets
  : If the issuer makes arbitrary changes repeatedly without justifiable reasons
  : Including the lack of confirmation of major wallet information of the issuer and operator

• User protection measures
  : If the issuer and operator fail to verify important explanatory materials (white paper) related to virtual assets
  : If there is no blockchain explorer

• Technical security
  : Occurrence of security incidents with unknown causes or uncorrected security incidents in virtual assets, wallets, or distributed ledgers
  : Non-confirmation of the source code of the token smart contract embedded in the distributed ledger, inappropriate settings for important event functions

• Compliance with laws and regulations
  : Self-issued coins, dark coins, virtual assets excluded
  : The purpose of using illegal activities or the likelihood of use, violation of current laws and regulations for virtual asset trading support

⚠️ If the above 8 items are judged to be ineligible, listing cannot be proceeded, and Burgercoin is also subject to the listing requirements.

(However, for virtual assets that have been traded normally for two years or more in qualified overseas markets with sufficient regulatory systems, some review requirements will be relaxed.)

‼️ Coin circulation also sets clear criteria

• Whether or not to include staking volume in the circulation amount is typical
• According to the financial authorities' internal review materials, it is a policy to exclude staking volume from the circulation volume only if it is clearly marked as locked up.
• The volume provided to the DeFi project and deposited is included in the circulation volume because it can be circulated at any time.
• If coins are issued on multiple blockchains, all of them will be aggregated into the circulation volume when coins can be swapped between coins through the bridge provided by the issuing foundation.

❓ Regulatory measures are also being reviewed for stablecoins

• The issuance of unsecured stablecoins that do not use a certain legal currency as a benchmark asset is under consideration to be banned.

🔍 Other things

• The financial authorities are considering how to subdivide coin-related businesses (operations).
• Reviewing the introduction of an integrated disclosure system

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