Korean court blocks stock delisting: does it apply to crypto exchanges?
- —Seoul court halted the delisting of Joo Yeon Tech and KM Pharma from KOSDAQ
- —The ruling cited procedural violations, not the market-cap threshold itself
- —Lawyers: crypto exchanges operate under DAXA self-regulation, not capital markets law
- —A future Digital Asset Basic Act could bring stricter court review of delistings
Why it matters: The precedent raises legal risk for exchanges when they delist tokens and could reshape Korean delisting practice.
Source: Blockmedia
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