Starting next month, the Virtual Asset User Protection Act will require crypto exchanges to review the listing status of over 600 crypto stocks quarterly, designating problematic stocks as tradable and delisting them. Financial authorities will finalize best practices for virtual asset transactions and apply them to all exchanges on July 19th. The 29 notified exchanges, including Upbit, Bithumb, Coinone, Korbit, and GoPax, must conduct initial screenings within six months, followed by quarterly reviews, assessing criteria such as issuing entity reliability, user protection, technology, security, legal compliance, and market factors. A financial authority official noted that stocks failing to meet standards will be suspended. An alternative screening method will be available for Bitcoin and DAO-issued coins. The Financial Intelligence Unit reported 600 listed crypto stocks on 22 domestic exchanges last year, with a 20% increase in trading suspensions and 40% being domestically produced "kimchi coins."

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