South Korean Crypto Exchanges To Self-Regulate To Stabilize Crypto Market

[markhudson2002]

The Korean blockchain association has come forward to introduce the self-regulatory standards for cryptocurrency exchanges. 23 South Korean exchange operators have agreed to go under the review that will also request banks for new virtual accounts that the banks have yet to issue.

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[Divinityxd]

any big exchange invovleved?

[d-unknown]

Bithumb is there .


https://coingape.com/south-korean-blockchain-association-for-self-regulation/

[nicktalman93]

India could have done the same instead of what they actually did :/

[cryptoblue]

It is a very good decision, crypto exchanges are not working properly, so there is need to regulate them. I think It would increase investors confidence.

[Hazir]

India could have done the same instead of what they actually did :/

Wait and see what will happen next. This self-regulation project might be something amazing and groundbreaking, but it is not live yet.
Maybe if it will become great success other will follow the steps of South Korea? Anyway, this is definitely bullish news, we need more initiatives like this.

[MigoAmigo]

This is actually a better approach than outright banning bitcoin which people are just going to go ahead and use regardless of the ban. I like this.

[boba_kate]

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