South Korea's Financial Commission requires South Korea's five major encryption trading platforms to delist virtual assets with securities nature

According to the Korea Economic News Network, the South Korean Financial Commission issued instructions to the relevant persons in charge of the country's five major encryption trading platforms (Upbit, Bithumb, Coinone, Korbit, and Gopax) to classify the "token-type securities" in the transaction and cancel their listing qualifications. . DAXA plans to gather input from individual firms through the Transaction Support Subcommittee and expects to collect the first comments and feedback by 9 February and submit them to the Financial Services Committee. According to the report, if this policy is realized, a considerable part of the tokens listed and traded on the existing virtual asset trading platforms are likely to be disqualified from listing on encrypted trading platforms or transferred to securities companies.