Association of Digital Asset Trading Platforms Improves Cryptocurrency Listing Guidelines
It is reported that the Association of Digital Asset Trading Platforms (DAXA), which is composed of the five major crypto exchanges in South Korea, is improvin…
It is reported that the Association of Digital Asset Trading Platforms (DAXA), which is composed of the five major crypto exchanges in South Korea, is improving the guidelines for the listing of cryptocurrencies released in the second half of last year in order to cope with the rapidly changing crypto market conditions. （News1）
Korea Digital Asset Trading Platform Association DAXA is revising the listing guide of cryptocurrency
Interpretation of the news:
In response to the rapidly evolving crypto market conditions, the Association of Digital Asset Trading Platforms (DAXA) in South Korea has announced that it is upgrading its guidelines for the listing of cryptocurrencies released in the second half of last year. DAXA is an industry organization composed of the five major crypto exchanges in the country. The move is aimed at ensuring that the listing and trading of digital assets comply with recent regulatory developments, protect investors, and promote market stability.
The cryptocurrency market is known for its volatility and constantly changing regulations, which makes it difficult for both industry players and investors to navigate. The new guidelines will provide rules and criteria for the listing and operation of digital assets, including initial coin offerings (ICO). The five exchanges in the association, namely Bithumb, Upbit, Korbit, Coinone, and Hanbitco, are expected to comply with the new rules, which will be released later this year.
The move by DAXA is a positive step towards promoting transparency and accountability within the cryptocurrency industry. It will help protect investors from fraudulent or low-quality digital assets, which threaten market stability. The guidelines will provide a framework for exchanges to properly vet new digital assets before listing them, ensuring that only high-quality projects with real-world use cases and strong fundamentals make it to market.
In addition, by establishing clear rules and criteria for digital asset listing, the guidelines will bring much-needed clarity and standardization to the crypto market. This will make it easier for investors to determine which projects are legitimate and worth investing in, which in turn will boost the overall trust and confidence in the industry.
In conclusion, the move by DAXA to improve its cryptocurrency listing guidelines is a welcome development for the South Korean crypto industry as a whole. It will help protect investors, promote market stability, and bring much-needed clarity and standardization to the market. As the crypto market continues to evolve, it is important for industry players to continue to adapt and improve their practices to build a thriving and sustainable ecosystem.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/5253/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Radiant Capital’s Full Chain Lending Agreement Launched in Radiant v2 with TVL Exceeding $15 Million
It is reported that the full chain lending agreement Radiant Capital has been launched in the Radiant v2 version, with the current TVL exceeding $15 million. The full chain lending agreement Radiant Capital has been launched in Radiant v2, with a TVL exceeding $15 million Analysis based on this information:Radiant Capital, a DeFi platform that offers lending, borrowing, and staking services, has launched its full-chain lending agreement in the Radiant v2 version. The current total value locked (TVL) on the platform has exceeded $15 million, indicating the users’ trust in the platform and the demand for its services. The full-chain lending agreement is a significant upgrade to the existing system, which used to support only single collateral borrowing and staking. With the full-chain agreement, users can access multiple collateral types for borrowing and staking, making it easier for them to manage their assets and optimize their portfolios. The Radiant v2 version also allows users to earn interest by providing liquidity…
-
Coin Cryptocurrency Exchange Recruiting for Romanian Office to Expand Business in Eastern Europe
It is reported that according to the information disclosed by Romania Insider, the cryptocurrency exchange Coin has started to recruit talents for its Romanian…
-
Microsoft Integrates Bing into the Taskbar Search Function of Windows 11
According to reports, Microsoft\’s chief product officer, Panos Panay, wrote that the latest update of Windows 11 will integrate Bing into the search function o…
-
What is Decentralized Dapp (Decentralized Application)
What is decentralized dapp? In the field of blockchain technology and cryptocurr
-
What does it mean for the off-market price of USDT to be low (low-price off-market trading of USDT)?{
}What does it mean for the off-market price of USDT to be low? According to Bitc
-
Maxar Technologies Unveils SYNTH3D, a Digital Twinning Technology
On February 27th, Maxar Technologies released SYNTH3D, a digital twinning technology for analog, metauniverse and VR applications. The 3D digital twin solution…
-
Ethereum Layer2 sees substantial surge in total lockup volume
According to reports, L2BEAT data shows that up to now, the total lockup volume on Ethereum Layer2 is 6.882 billion US dollars, up 22.81% in the past 7 days. Among them, the largest lockup volume is the expansion plan Arbitrum One, which is approximately $3.852 billion, accounting for 55.97%, followed by Optimism, which has a lockup volume of $2.042 billion, accounting for 29.67%. The total lockup volume on Ethereum Layer2 is $6.882 billion Analysis based on this information:The latest report on Ethereum Layer2 suggests a significant increase in the total lockup volume, which has surged by 22.81% in the past seven days. As per the L2BEAT data, Ethereum Layer2 has recorded a total lockup volume of 6.882 billion US dollars, solidifying its position as a popular choice for investors, traders, and blockchain enthusiasts. Among the various Layer2 protocols, the expansion plan Arbitrum One has the largest lockup volume, accounting for approximately $3.852 billion, or 55.97% of the total lockup volume….
-
When Did the US Dollar Fall (When Will the US Dollar Rise)
When did the US dollar fall? The US dollar fell around March 11th to the 13th, w
-
What is DMK Coin (What is DMG Coin?)
What is DMK Coin Accordingto official news, what is DMK coin? DLK is ablockchain
-
XanPool Reduces Staff and Closes Offices in Singapore and Malaysia
According to reports, XanPool, a cryptopayment platform, has reduced its staff to less than 40 and closed offices in Singapore and Malaysia. It is reported that XanPool has current
-
What currency is a little bee
What is Little Bee? According to official news, Little Bee is an ecological project based on the issuance of Coin Security smart chain. According to the announcement, Little Bee (MICE) is a decentralized social application app that achieves multi-point connectivity, value exchange, and content creation through blockchain technology It is reported that Little Bee is a decentralized community autonomy platform on the aggregated public chain HECO, mainly providing community governance services based on DAO for developers, and has its own token incentive mechanism. Little Bee has also launched a game based token model that allows players to use different characters and rewards in the game What is the online term “Little Bee”According to CoinMarketCap, “Little Bee” was officially launched on September 20, 2017 My first love dessert “is abbreviated as” mymstory “, meaning created by a group of netizens and used to express their imagination about a virtual world or something. It is usually translated as” little bee “, but…
-
What is Shangxin Coin (is it legal for a new coin to be listed)
<img src='https://img.doulai.com/pic/enpic.php?k=what is the new currency ' alt='what is the new currency ' alt='images}. Due to the fact that the development and operation of these projects are open source and independent of any entity, they usually collaborate with other platforms or services, and this technology itself does not affect the development direction of its ecosystem The value of Shangxin Coin lies in its ability to provide a better user experience, lower prices, and more application scenarios; It can bring more sustainable investment opportunities to the community The listing of New Coin is legal NoRecently, Changpeng Zhao, founder of Coin Safety, said on his microblog that the listing of New Coin is not illegal. At present, there is relatively little regulation of digital currency trading behavior in China; Regarding the exchange, there have been recent reports that Coinex, the largest Bitcoin exchange in China, has been investigated by South Korean police and its assets have been frozen; In addition, there are…
-
US Treasury Department to Introduce Silicon Valley Bank Situation to California Legislators
It is reported that the US Treasury Department will introduce the situation of Silicon Valley Bank to California legislators at 1 p.m. on Sunday. The briefing of the Federal Deposit Insurance Corporation of the United States and the Federal Reserve on the situation of the Bank of Silicon Valley to California lawmakers will begin at 11 o’clock tonight (11 a.m. Beijing time). （AXIOS） The US Treasury Department will introduce the situation of Silicon Valley Bank to California lawmakers at 1:00 p.m. on Sunday Analysis based on this information:The US Treasury Department is said to introduce the situation of Silicon Valley Bank to California legislators at 1 p.m. on Sunday. The briefing will also include the Federal Deposit Insurance Corporation of the United States and the Federal Reserve on the situation of the Bank of Silicon Valley to California lawmakers, which is set to begin at 11 o’clock tonight, according to sources. This news has created a buzz in the business…
-
Vulnerability in BitGo’s TSS Wallet Exposes Users’ Private Keys
According to reports, the digital asset security platform Fireblocks has discovered a serious vulnerability in the Threshold Signature Scheme (TSS) wallet of BitGo, a cryptocurrency hosting company, which exposes its users’ private keys to the risk of being attacked by potential hackers. It is reported that BitGo immediately suspended the affected wallet service in December 2022 after learning of the vulnerability, which is known as the “BitGo Zero Proof Vulnerability”. The company subsequently released a patch in February 2023 to address the labeling issue and notified customers to update their systems by March 17. （The block） Fireblocks reported a vulnerability in the BitGo TSS wallet, which has been fixed Analysis based on this information:Fireblocks, a digital asset security platform, has reported a serious vulnerability in BitGo’s Threshold Signature Scheme (TSS) wallet. TSS is a popular multi-signature technology that allows a group of users to control a single account. The vulnerability, known as the “BitGo Zero Proof Vulnerability”, exposes the private…
-
Hut 8 faces operation challenges amidst merger talks with Bitcoin
It is reported that Hut 8, a North American Bitcoin miner, had a conversation with investors on Thursday morning after releasing the fourth quarter and 2022 fu…
-
The Anti Witch Rules in Arbitrum’s Air Drop: A Significant Vulnerability
On March 22, according to data analysis platform X-explore, the anti witch rules in Arbitrum\’s air drop created a \”significant vulnerability\”, resulting in approximately 150000 Syb