Seoul Central District Court raises Wemade injunction: Wemix delisting of Korean stock exchanges until June 2 approved

Seoul Central District Court raises Wemade injunction: Wemix delisting of Korean stock exchanges until June 2 approved

Wemix: Court lifts off -the -go - delisting of Korean stock exchanges by June 2, 2023

The Seoul Central District Court has lifted the injunction from Wemade. This means that trading with the Wemix cryptocurrency is discontinued by the Korean stock exchanges by June 2, 2023.

Wemade, the company behind Wemix, had taken legal action to prevent a delistry, but the court decided in favor of the stock exchanges that strive for regulation and legal certainty in the cryptocurrency industry.

This decision has far -reaching consequences for investors and dealers from Wemix in South Korea and could also have an impact on the international market. Investors should observe developments in this area closely, since the delistry could affect both the value of the cryptocurrency and the market position of Wemade.

The situation again illustrates the challenges with which crypto companies are confronted with regulation and market acceptance. It remains to be seen how Wemade will react to this decision and what steps the company can take to stabilize its business interests.