Coinone Announces Listing Disclosure Policy... Providing Investment Information

Automatic Delisting for Non-Compliance, Omissions, or False Information in Major Disclosures

(Provided by Coinone)

[Asia Economy Reporter Gong Byung-sun] Coinone, a domestic cryptocurrency exchange, has disclosed its disclosure policy regarding listed cryptocurrencies.

On the 20th, Coinone announced that it has published the disclosure policy related to the listed items on its website. This follows the announcement of listing policies and maintenance review procedures last month, with the aim of providing investment information to protect investors. Coinone has been delivering disclosure information through a business agreement with Xangle.

The disclosure policy revealed by Coinone is divided into three categories: mandatory disclosures including major disclosures and quarterly financial disclosures, and voluntary disclosures such as general disclosures. Projects listed on Coinone must disclose legal issues related to the coin, product and technical issues, project team sustainability issues, and information provision-related issues.

In quarterly financial disclosures, it is mandatory to disclose updates on business and product development, roadmap achievement status, foundation token circulation details, and compliance with circulation plans.

If the disclosure is not fulfilled, omitted, or contains false information, sanctions will be imposed. In the case of major disclosures, the coin will be automatically delisted, and for quarterly financial disclosures, it will be designated as a watchlist item. However, if false information is posted in general disclosures, one penalty point will be given. If two or more penalty points accumulate, the item will be designated as a watchlist item.

Cha Myung-hoon, CEO of Coinone, said, “We will further strengthen this disclosure policy to prevent speculative investments that may arise from lack of information,” and added, “We will make every effort to protect investors.”

This content was produced with the assistance of AI translation services.