Blockchain Assn. of South Korea to Adopt Self-Regulatory Measures In Shadow Of Potential Ban

Announcements, Blockchain, News, Regulation | December 15, 2017 By:

The Korea Blockchain Industry Association said it will adopt a raft of self-regulatory measures to boost transparency in trading of cryptocurrencies.

Composed of 14 South Korean cryptocurrency exchanges, the association said its members agreed to require investors to verify their identification through financial institutions and use a single account to carry out transactions.