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Urgent Warning: Quiztok (QTCON) Designated as Closely Monitored Asset by Upbit and Bithumb

2025-07-10 13:57:02

Urgent Warning: Quiztok (QTCON) Designated as Closely Monitored Asset by Upbit and Bithumb

Main Idea

Quiztok (QTCON) has been designated as a closely monitored asset by South Korean exchanges Upbit and Bithumb under DAXA's guidance, signaling heightened scrutiny and potential risks for holders.

Key Points

1. Upbit and Bithumb, two of South Korea's largest cryptocurrency exchanges, have designated Quiztok (QTCON) as a 'closely monitored asset' under DAXA's oversight.

2. DAXA is a consultative group of top South Korean exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, aimed at ensuring a unified regulatory approach.

3. The designation implies heightened review of QTCON due to potential compliance or operational concerns, though specific reasons are not disclosed.

4. QTCON holders are advised to consider their options, including holding, selling, or diversifying their investments, given the increased scrutiny.

5. This move reflects South Korea's broader trend toward stricter cryptocurrency regulations, emphasizing compliance and investor protection.

Description

In the fast-paced world of digital assets, news can travel at lightning speed, and its implications can be profound. For investors holding Quiztok (QTCON) , a recent announcement from two of South Korea’s largest cryptocurrency exchanges, Upbit and Bithumb , has sent ripples through the community. Both platforms officially declared QTCON as a closely monitored asset , a decision made under the purview of the Digital Asset eXchange Alliance ( DAXA ). This development isn’t just a routine update; ...

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