Huobi Korea, a global cryptocurrency exchange, has unveiled the criteria for delisting cryptocurrency.
The criteria for delisting include:
▲ Transparency (disclosure of development progress) ▲ Legality (relevance to various crimes) ▲ Marketability (future value through transaction volume) ▲ Business continuity (trust of the project team) ▲ Whether to damage Huobi Korea brand image.
If delisting is determined according to the criteria, delisting will proceed after a sufficient period of notice to investors. This will be applied to the Korean market based on the guidelines of Huobi Global, which is in the process of disclosing the delisting standard early on.
Huobi Korea will further strengthen its ST (Special Treatment) system to warn investors by filtering out projects that do not meet certain criteria.
Park Si-deok, CEO of Huobi Korea mentioned in the interview, “We have introduced a strict system of delisting to make investor protection a priority and create a sound trading environment. I will work hard for it. ”