South Korea's revised listing rules come into effect in July, putting pressure on some cryptocurrency treasury listed companies to delist

According to the Chosun Ilbo, the revised listing rules in South Korea will come into effect on July 1st, raising the listing threshold. Affected by the decline in Bitcoin prices and capital outflows from the KOSDAQ market, South Korean KOSDAQ cryptocurrency treasury listed companies are facing delisting risks. BitMEX fell 6.3% to 1228 Korean won on the same day, with its market value below the minimum market value standard for the second half of the year. Parataxation Ethereum (26.8 billion Korean won) and Bit Planet (33.1 billion Korean won) did not meet the market value threshold that will be raised in January next year. Parataxation Korea has been suspended from trading and undergoing listing qualification review since April due to capital impairment. The weak prices of virtual assets are the direct cause of delisting crisis.