South Korean regulators are analyzing around 600 cryptocurrencies and may remove them if they do not meet the criteria of the new Crypto Asset User Protection Law. The measure aims to improve industry practices and could impact prices due to the reduced exposure of these cryptocurrencies in the South Korean market. The country has one of the largest cryptocurrency markets, with major brokers such as Upbit, Bithumb and Coinone. The analysis includes aspects such as reliability, user protection, technology, and regulatory compliance.$BTC$ETH$BNB
