Coinone to Delist DRC on June 25

IconCryptoNewsTerminal Staff11 Jun, 2024

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Coinone to Delist DRC on June 25

Coinone has announced that it will delist DRC Mobility (DRC, Ethereum ERC20) on June 25 at 15:00 KST, in accordance with its "Significant Item Designation and Trading Support Termination Policy." According to Coinone, the delisting is due to a lack of evidence to justify continued listing of the token as a significant item. DRC Mobility is a blockchain-based platform that provides mobility services, including ride-sharing, car-sharing, and parking. The company has been facing challenges in recent months, including a decline in its token price and the departure of its CEO. Coinone's decision to delist DRC is a sign of the growing regulatory scrutiny of cryptocurrency exchanges in South Korea. In recent months, the South Korean government has taken a number of steps to crack down on cryptocurrency trading, including banning anonymous trading and requiring exchanges to register with the government. The delisting of DRC is a reminder that investors should be aware of the risks associated with cryptocurrency investments. Cryptocurrencies are a volatile asset class, and their prices can fluctuate significantly. Investors should only invest in cryptocurrencies that they understand and are prepared to lose.

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