An association of South Korean exchanges said that it is planning to check if its members are following a set of self-regulatory cryptocurrency measures last year, local journal Yonhap News Feb. 21.
The Korean Blockchain Industry Association, which is currently comprised of 33 of ’s cryptocurrency , stated that it is going to carry out evaluations of 21 participants, including major trading platforms , , and .
In mid-December 2017, the Korean Blockchain Industry Association announced that it plans to “establish a set of specific ethical codes on the virtual currency bourses, including insider trading and market manipulation” after the South Korean financial authorities cryptocurrency regulations.
The self-regulatory move among South Korean exchanges was intended to provide more transparency in trading to alleviate worries over the country’s “” in December 2017, during which a sudden influx of South Korean investors started buying .
, in the UK, seven of the world’s largest cryptocurrency companies, including , formed the country’s first self-regulating trade body, CryptoUK. On Feb. 16. Cointelegraph that another self-regulating cryptocurrency body is being considered in Japan by the country’s two cryptocurrency industry groups, but decision has yet to be finalized.
Published at Fri, 23 Feb 2018 19:38:22 +0000
bitcoin Regulation
