Public Hearing on the Amendment of Digital Asset Listing Rules for the Part of Delisting Process

Modified on Thu, 2 Jan at 1:31 PM

Principle

Due to the Securities and Exchange Commission's amendment of the provisions according to Clause 39/1 of the Securities and Exchange Commission's Notification No. Kor Thor. 19/2561 Re: Rules, Conditions and Procedures for Undertaking Digital Asset Businesses (and Amendments), Bitkub Online Co., Ltd. ("Company") deems it appropriate to disclose the proposed rules and procedures to customers before implementing the amendments of the Company’s Digital Asset Listing Rules to comply with the aforementioned regulations.


The Company hereby opens the public hearing on proposed amendments to Digital Asset Listing Rules, particularly for the delisting process of digital assets, with the following key points:

  1. The Company provides additional support measures to assist customers who are unable to comply with the procedures for delisting digital assets within the specified timeframe.

  2. In terms of digital asset delisting, the Company will consider establishing a reasonable and sufficient timeframe for compliance with the procedures for delisting digital assets from the trading platform. In exceptional circumstances, such as urgent cases or where it serves the best interests of customers and investors, the Coin Listing Committee may authorize the immediate delisting of digital assets.

Impact


Relevant Party

Positive Impact

Negative Impact

Digital Asset Business Provider (Company)

  • The Company is to amend its rules to enhance clarity concerning the delisting of digital assets. These amendments aim to reassure customers that appropriate support measures are in place for delisting scenarios. The specific details of these measures will align with the Company’s official announcements for each digital asset delisting.


  • The rules will be updated to address situations where the Company determines it is necessary to delist digital assets urgently to safeguard the interests of its customers.

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Trader/User

  • To protect customers’ interests, measures will be applied in cases where customers are unable to comply with the delisting process and procedures within the specified timeframe.


  • Support measures will be implemented in urgent and necessary situations that may arise to address emergencies in the best interest of customers.

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Enforcement guideline


The amendment of Digital Asset Listing Rules for the part of delisting process will become effective only after receiving approval from the Securities and Exchange Commission. The Company will provide timely announcements and relevant information to customers in accordance with this approval.

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