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A cryptocurrency issuing company has come forward claiming that it has received unreasonable demands in the process of listing on the exchange. When the exchange said they would delist their company's virtual currency, they strongly protested and brought up this story.



More details will be provided by reporter Kim Jung-woo.



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Cryptocurrency Pica Coin, which was decided to be delisted within a week of designation of a noteworthy item.



In response to the exchange's unilateral notification, I posted a lengthy, revealing article on my blog.



Prior to the listing in January, Upbit requested 5 million virtual currencies, worth 250 million won, for an airdrop, or coin distribution event, of which only 3% were actually used for the event.



The issuer claims to have received a listing fee for marketing purposes.



[Sung Hae-joong / CEO of Picacoin issuer: 'Send 5 million to their (Upbit) personal wallet'). There was no mention of giving back the money left over. I thought it was a price for listing.] He



also said that Upbit was trying to stop the protest by saying that it could consider relisting.



[Upbeat officials: how much institutionalization is being made Why do not you try a guideline, we once again review haejimyeon guidelines are clear about keeping public about the public -



up bits Picard coin-side speculation and malicious falsehood against claims It is true, and he foresaw civil and criminal action.



He claimed that Pica Coin distributed 2.7 times the amount of virtual currency that was submitted at the time of the initial review, which was judged as a fatal problem, and that the decision was made to delist to protect investors.



In September, according to the enforcement of the Special Provisions Act, virtual currencies that will be withdrawn from the exchange will continue to be added.



The symbiotic relationship between exchanges and issuers, which has been around for years in a regulation-free zone, has come to an end and the battle in mud is in full swing.



(Video coverage: Yoo Dong-hyeok, Park Hyun-cheol, video editing: Yoon Tae-ho)