00:0341 Cryptocurrencies were flagged for delisting or caution in a single day last week.
00:08Korea's 5-1 based exchanges have now dropped 103 tokens this year, while trading has roughly halved.
00:15The debate is shifting from whether weak tokens should go to how clearly the rules are set.
00:21It's Wednesday, October 21st. Let's break down what's happening in Korea's financial sector.
00:26Korea's 5-1 based exchanges review listed tokens under self-regulatory guidelines coordinated by the Digital Asset Exchange Alliance, or
00:35DAXA.
00:37Each token is reviewed at least once a quarter, with market capitalization and trading volume among the main criteria.
00:43As prices weaken and volumes dry up, more tokens are falling below those minimums.
00:49Here's what the numbers show.
00:50103 tokens lost trading support on the 5 exchanges from January to September, about 2.6 times the 40 a
00:58year earlier.
00:59Since October 1st, another 48 have been slated for delisting or placed under caution, including 41 on October 16th alone.
01:07Average daily trading fell to about $3.1 trillion, or $2.3 billion in the first half, roughly half of
01:16the $6.4 trillion, or $4.8 billion a year earlier.
01:20Market capitalization stood at $58.9 trillion, about $44.4 billion at the end of June, down 33% from
01:30the end of last year.
01:31Bitcoin traded at $81,691 on Tuesday afternoon, down about 26.5% from a year ago.
01:39Separately, financial firms handed $59.6 trillion, about $44.9 billion, of new overdue debt to collection agencies last year,
01:49up 14.6%.
01:51So what does this mean for banks, regulators, and fintech watchers?
01:56Earlier, we said 41 tokens were flagged in a single day.
01:59Here's what that actually means for you.
02:01Academics are calling for published delisting criteria, continuous reviews with an early warning stage, and a legal footing for exchange
02:09screening under the Digital Asset Basic Act,
02:11which would move these decisions from exchange discretion towards statutory rules.
02:16Final delisting decisions on the 21 tokens designated for caution on October 16th.
02:21Whether DAXA discloses its listing maintenance criteria in full.
02:25How the Digital Asset Basic Act treats exchange listing and delisting reviews.
02:30That's today's AI Prism, Finance Daily.
02:34This episode was produced with AI Assistants based on Seoul Economic Daily reporting, and reviewed by a human editor.
02:41AI Prism is a WANIFRA award-winning series.
02:44We'll be back tomorrow.
02:45We'll be back tomorrow.
02:46We'll be back tomorrow.
02:48We'll be back tomorrow.
02:48다음 영상에서 만나요.
