South Korean Lawmaker Proposes Review of All Listed Digital Assets

South Korean Democratic Party lawmaker Jung Tae-ho has proposed requiring cryptocurrency exchanges to reassess all listed digital assets. According to Foresight News, citing Digital Asset, Jung introduced the Digital Asset Market and Digital Asset Industry Act on October 29. Under the proposal, exchanges would review ordinary assets within one year after the law takes effect, while assets posing significant risks to user protection or market order would be prioritized for review within six months. For assets that fail review, exchanges would have to give users an opportunity to dispose of or transfer them.