Inspection alert in South Korean stock markets!

The Korean Blockchain Industry Association, which includes 33 cryptocurrency exchanges operating in South Korea, announced that they will inspect 21 exchanges across the country. Thus, the South Korean stock exchanges will be evaluated for the first time after the regulations that came into effect in December.

Preparing to make an assessment on whether some of the regulations put into effect last year have been implemented, the union has selected 21 of its 33 stock exchanges.

Conione, Bithumb and Korbit will also be evaluated

Conione, Bithumb and Korbit, which are shown as three of the largest crypto money exchanges in South Korea, are also mentioned. It is among 21 stock exchanges. As a result, the evaluations are of great interest to many users.

In the last month of 2017, some regulations were brought to some cryptocurrencies by South Korean authorities.

Do South Korean stock markets comply with the regulations?

The Association has announced that it plans to establish a set of specific ethical codes on cryptocurrency exchanges, including insider trading and market manipulation, after South Korean financial authorities began to evaluate cryptocurrency regulations. The self-regulation move was made to ease concerns in December 2017 about the Bitcoin frenzy in the country. In addition, it was among the targets to provide more transparency in trade and increase the interest of South Korean investors in Bitcoin.

coisntelegraph