Korea tightens token listing on CEX exchanges
According to information from local news agency News1, South Korea will apply new regulations to strengthen control over the listing of tokens on domestic exchanges, with requirements including that the project must have a dedicated whitepaper. market, as well as the removal of tokens that are hacked or do not address security vulnerabilities.
Accordingly, tokens of projects that have security problems or are hacked will not be allowed to be listed on domestic exchanges.
In addition, the Financial Services Commission may require foreign projects to write a separate whitepaper for the Korean market before being listed. However, this regulation only applies to new projects, not required for tokens that have been listed on legal exchanges for two years or more.
According to the new regulations, domestic CEX exchanges may have to delist tokens if the project team does not provide accurate information, including information on actual circulation that does not match the published information. dad.
The new guidelines are expected to be issued later this month, and the authorities are gathering comments from domestic exchanges.
JPMorgan forecasts prospects of SEC approval of Ethereum ETF Spot
JPMorgan remains optimistic that the US Securities and Exchange Commission will approve an Ethereum exchange-traded fund in the future, although it said earlier this year that approval in May was less than 50% likely. “If there is no Ethereum exchange-traded fund approval by May, we expect litigation after May,” said Nikolaos Panigirtzoglou, managing director and global markets strategist at JPMorgan. know with The Block.
“We believe the most likely scenario is that the SEC will ultimately lose the case (similar to what happened with Grayscale and Ripple's legal battles last year) and will approve an Ethereum exchange-traded fund afterward .”
Currently, Panigirtzoglou still believes that the possibility of the SEC approving the Ethereum ETF Spot in May is around 50%. Recently the SEC is investigating the Ethereum Foundation and actively seeking to prove ETH is a security through legal means. Specifically, according to Fortune, the Commission's Ethereum investigation includes asking companies to provide any documents and financial records related to the Ethereum Foundation, a non-profit organization that oversees the management and development of the blockchain of the same name.
Besides, the information also states that the investigation began after the blockchain switched from Proof-of-Work (PoW) to Proof-of-Stake (PoS) mechanism in September 2022. SEC views staking in The PoS model is a form of investment, expecting profit from the efforts of others, which is the basis for marking ETH as a security. This news has "dealt a strong blow" to those who expected the SEC to approve the Ethereum ETF Spot in May. However, this is still information from Fortune newspaper and the SEC is currently refusing to comment or confirm the announcement. this investigation.
