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 Trading Rules to comply with the aforementioned regulations.
The Company hereby opens the public hearing on proposed amendments to Digital Asset Trading Rules, particularly regarding the warning signs, with the following key points.
The following warning signs must be displayed by the Company when the following occurrences take place until the cause is discarded.
Symbol | Name | Criteria and Description |
N | Notice | Occurrences of changes that may affect investor benefits, such as amendments to information related to the token offering, project prospectus, or Whitepaper updates. |
MN | Material Non-Public Information | Access to material non-public information is suspected. |
P30 | Price diff 30% | The trading price of a digital asset has changed by more than 30% compared to its price 24 hours earlier. |
C | Caution | Any other occurrences that may significantly affect the trading activities of digital assets. |
W10 | Price Warning 10% | The price disparity of digital assets on Bitkub Exchange, in comparison to other exchanges, is equal to or exceeds 10%. |
W20 | Price Warning 20% | The price disparity of digital assets on Bitkub Exchange, in comparison to other exchanges, is equal to or exceeds 20%. |
W30 | Price Warning 30% | The price disparity of digital assets on Bitkub Exchange, in comparison to other exchanges, is equal to or exceeds 30%. |
H | Trading Halt | Temporary suspension of trading activities |
SP | Trading Suspension | The trading of digital assets is temporarily suspended which may be enforced when Bitkub Exchange is actively reviewing clarifications or relevant facts to determine appropriate actions. Such actions may include the potential delisting of the digital assets in question. |
DE | Delisted | The system displays the "DE" symbol when a digital asset is scheduled to be suspended from trading and delisted within a specified timeframe as announced by the Company. |
Impact
Relevant Party | Positive Impact | Negative Impact |
Digital Asset Business Provider (Company) | The Company enhances its reliability in delivering services by thoroughly verifying information related to digital assets listed on its platform. This process enables the Company to promptly notify users in the event of any incidents.
| - |
Trader/User | Users receive more accurate and timely notifications, allowing them to make more informed investment decisions. | - |
Enforcement guideline
The amendment of Digital Asset Trading Rules for the part of warning signs will become effective only after receiving approval from the Securities and Exchange Commission. The Company will provide timely announcements and relevant information to customers following this approval.