#SouthKoreaCryptoPolicy Sales from exchanges will be restricted
Cryptocurrency exchanges will be able to liquidate the fees paid by users in cryptocurrencies, but only to cover operational costs. Sales will be limited to daily limits, usually not exceeding 10% of the total amount planned.
Additionally, sales will only be allowed for the top 20 tokens by market capitalization on five won-based exchanges. Importantly, exchanges will not be allowed to sell tokens on their own platforms to avoid conflicts of interest.
South Korea is also tightening regulations for the listing of digital assets. The revised rules aim to curb instability caused by sudden price spikes, requiring a minimum circulating supply before allowing a token to be listed and temporarily restricting market orders after listing.
The so-called zombie tokens (with low volume and small market capitalization) and memecoins without clear utility will be subject to greater scrutiny. For example, exchanges will have to delist tokens from their lists if they do not meet liquidity criteria or community participation thresholds.
