Recently, there has been a move in South Korea: both Bithumb and Upbit exchanges surprisingly added Grostlcoin (GRS) to the "Trading Alert" list on the same day and directly suspended the deposit channel.
The underlying reason is not complicated - the self-regulatory organization DAXA in South Korea investigated and found that the GRS project team was too vague in their information disclosure. Key information that affects the token price was either not disclosed or not aligned with the actual business progress and commitments, with several indicators failing to meet standards. The regulators' message is very clear: such operations can easily mislead investors and pose significant risks.
The response speed of the two platforms is quite fast, and the measures implemented are also straightforward.
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FUD_Vaccinated
· 14h ago
Non-compliance in information disclosure will lead to failure.
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GateUser-addcaaf7
· 12-02 03:00
The regulatory actions have been timely.
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CryptoMotivator
· 12-02 03:00
Dare not say that the regulation in South Korea is slow.
Recently, there has been a move in South Korea: both Bithumb and Upbit exchanges surprisingly added Grostlcoin (GRS) to the "Trading Alert" list on the same day and directly suspended the deposit channel.
The underlying reason is not complicated - the self-regulatory organization DAXA in South Korea investigated and found that the GRS project team was too vague in their information disclosure. Key information that affects the token price was either not disclosed or not aligned with the actual business progress and commitments, with several indicators failing to meet standards. The regulators' message is very clear: such operations can easily mislead investors and pose significant risks.
The response speed of the two platforms is quite fast, and the measures implemented are also straightforward.