South Korea’s top 5 crypto exchanges Upbit, Bithumb, Coinone, Korbit and Gopax Terra (LUNA) and TerraUSD (UST) will launch an advisory body that will apply common standards to prevent a repeat of the collapse.
local news agency YNAof June 13 local cryptocurrency exchanges Upbit, Bithumb, Coinone, Korbit and Gopaxannounced at a meeting in the National Assembly today, its plans to develop themselves to restore confidence in the digital asset market and protect investors.
Accordingly, the markets independently prepare and improve listing-related standards and use as a communication channel for emergencies to a joint advisory body decided to start.
CEOs of five relevant exchanges and working groups will attend. advisory body, transaction support, market monitoring and compliance monitoring including It will be divided into 3 areas.
Exchangestogether with the joint advisory body September from the month cryptocurrencies for warning system and delist standards will also provide investors whitepaper and evaluation reports with information about cryptocurrencies will provide.
co-prepared crisis response plan by applying, luna collapse in a crisis like deposit and Do not Pull to transactions whether to allow and delist history who will decide together advisory bodyso that a possible crisis quickly within 24 hours He thinks they can interfere. It will also be brought warning system If it is decided that the risk of damaging the market order due to rapid fluctuations in price is high, investor alert will be published.
advisory body In addition to these October to be considered by all exchanges nationwide for listing screening in minimum around common assessment items instructions will prepare and risks of cryptocurrency to periodically evaluate policy will present.
Exchangeswith the technical examination and evaluation reports to be submitted in order to protect its investors. guidance on investment risks it will. According to this july from the month cryptocurrencies in advertisements about to investment alerts will be included and large investors will be interested in announcements to do.
Moreover new investors across the country can invest in the stock markets for next year fireplace relevant from the the training video I was told they would need to be completed.