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WEMIX Faces Second Delisting on Korean Exchange—Doubles Down on Global Markets
WEMIX Faces Second Delisting on Korean Exchange—Doubles Down on Global Markets
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South Korea’s crypto crackdown claims another victim as WEMIX gets axed from a major domestic exchange—just months after its first delisting. The move signals tightening regulations for altcoins lacking ’sufficient decentralization’ under revised FSA guidelines.
Market reaction? A shrug. WEMIX prices barely twitched, suggesting traders already priced in the inevitable. ’Local exchanges are becoming compliance minefields,’ says one analyst. ’Smart chains are fleeing to friendlier jurisdictions.’
Now betting big on global liquidity, WEMIX’s team claims this ’strategic retreat’ lets them focus on institutional partnerships abroad. Because nothing screams ’decentralization’ like chasing VCs in Dubai and Singapore.
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