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Crypto
Digital Assets Framework Act in final stage, will not fall behind global trends
Financial Services Commission Chairman Lee Eok-won said preparations for the second stage of the Digital Assets Framework Act, including stablecoin institutionalisation, are complete and final consultations are under way. Lawmakers warned South Korea is lagging behind major economies in digital asset rulemaking and cited rising domestic trading in overseas stablecoins. Lee said the framework is largely in place and would be run based on market conditions. He also apologised for losses and market confusion after single-stock leveraged ETF launches.
Crypto
Binance to delist seven spot trading pairs on Aug. 14, to phase out six tokens
Global cryptocurrency exchange Binance will halt trading in seven spot trading pairs, including APT/BTC and AR/BTC, on Aug. 14 local time. The move follows a regular review and targets pairs with low liquidity and trading volume, Binance said. Spot trading bot services for the affected pairs will also end. Later this month Binance plans to delist all spot pairs for six cryptocurrencies, fully ending spot trading in those tokens and setting deposit and withdrawal deadlines.
Crypto
Binance to end trading for 4 spot pairs, fully delist 6 tokens on Aug. 17
Binance will end trading for four spot pairs — QNT/BTC, RPL/USDC, SIGN/BNB and SKL/USDC — at 0300 UTC on Aug. 7 and also stop related spot trading bot services. Separately, it will halt trading for all spot pairs of six tokens — ACX, HFT, PIVX, PYR, VANRY and VIC — at 0300 UTC on Aug. 17. Deposits will stop being credited from Aug. 18 and withdrawals will end on Oct. 17.