The Korean Blockchain Association, a self-regulatory body launched in January with 66 members. It composed of 33 cryptocurrency exchanges, said 21 of its members, including major players Upbit, Bithumb, Korbit, and Coinone, will undergo evaluations.
According to local media, crypto exchanges that are participating in self-evaluation are Glosfer, Nexcoin, Zeniex, Kairex, Kcx Exchange, Komid, Coinway, Coinzest, Plutus DS, Dexko, Gopax, Okcoin Korea, and Huobi Korea.
This is part of their self-regulatory efforts, in conjunction with the Korean Blockchain Association. The evaluations will determine if members have complied with a set of self-regulatory measures that the group has set.
It will include capital standards, security standards, principles on listing procedures, the disclosure of information, etc, and I expect investors to believe that the exchanges are more stable if they have passed the examination.
Vice Chairman of the Association