The Virtual Currency Exchange Association (JVCEA) has welcomed five more exchanges according to an .
The JVCEA is a self-regulatory body that was founded in April by 16 registered exchanges that seeks to make industry-wide investor safety benchmarks. In October, ’s financial regulator officially granted self-regulatory status to the JVCEA to supervise the sector.
The group, which was established partly because of the January 2018 $534 million hack of exchange Coincheck, had published a set of regulatory guidelines in June, that included a ban on insider and prohibition against the of privacy-oriented coins.
The five new Type II members are Coincheck, Everyone’s , Lastroots Inc., LVC Corporation and Coinage Corporation. The Type II classification basically means that the business is still applying for virtual currency trader registration, according to information from Cointelegraph .
LVC is a sister firm of LINE, whose own native crypto exchange BITBOX introduced its LINK in October.
At the moment, the organization is only recruiting Type II members, but would soon add a Type II classification for firms that deal with virtual currency-related services such as wallet dealers.
Published at Mon, 07 Jan 2019 07:01:42 +0000
zerohedge.com / by Tyler Durden /