The Korean Blockchain Industry Association announced on Friday the self - regulatory measures, created at the recommendation of the government.
The head of
the Korean Blockchain Industry Association disagreed with the move by the regulator.
The Korean Blockchain Industry Association, which is currently comprised of 33 of South Korea's cryptocurrency exchanges, stated that it is going to carry out evaluations of 21 participants, including major trading platforms Coinone, Bithumb, and Korbit.
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 began considering cryptocurrency regulations.
Not exact matches
The Korea
Blockchain Association has proposed a self - regulatory framework for the South
Korean cryptocurrency exchange
industry.
The in - country knowledge could ultimately trickle down to benefit other South
Korean companies in the
blockchain industry.
If all goes well, then South
Korean government may legalizing ICOs in no time so as to prevent the country's leading conglomerates from leaving South Korea to conduct ICOs, which may damage the local
Blockchain and cryptocurrency
industry.
The
Korean Blockchain Association, an
industry group formally launched in January with 66 members, is primarily focused on self - regulation.