Since the South Korean government implemented the 'Virtual Asset User Protection Act' on July 19th, the number of listed cryptocurrencies on the country's four major crypto exchange platforms has seen a significant drop. The latest statistics show that the number of cryptocurrency types available on Upbit, Bithumb, Coinone, and GoPax has been reduced to 11 (including duplicates), a considerable decrease from the total of 188 types available in the first seven months of this year. The average number of new cryptocurrencies listed per month has halved compared to the first seven months, dropping from approximately 24.5 per month. The implementation of these regulations has had a profound impact on South Korea's crypto market, leading regulatory bodies to strengthen management of virtual asset trading and providing additional safeguards for investors' asset security.