Altcoin Delisting Rumors Spark Investor Panic, Korean Exchanges See Double-Digit Drops
Hundreds of Cryptocurrencies Could Be Delisted in South Korean Shakeup
Fueled by unsubstantiated rumors of a government crackdown, South Korea’s cryptocurrency market experienced a significant downturn this week. Major altcoins (alternative coins) witnessed double-digit price drops, rattling investor confidence and causing a ripple effect across domestic exchanges. The panic selling began after reports surfaced
South Korea’s cryptocurrency market is bracing for a sweeping regulatory crackdown. Starting next month, approximately 600 virtual assets will undergo rigorous evaluation against new standards, local media reported. Those failing to comply face potential delisting. The move comes as South Korea aims to enhance market integrity and tighten oversight. The new regulations focus on three
