South Korea's Financial Services Commission (FSC) has announced that it will not be directly involved in the inspection of cryptocurrencies listed on South Korean exchanges, following rumors that the country's financial regulator plans to delist crypto assets that do not meet listing requirements by July this year. The FSC said that the crypto exchanges and the Korea Digital Asset Exchange Alliance (DAXA), a Korean digital asset exchange advisory body, will be responsible for the final announcement of the token inspection and delisting.