Seven Korean Cryptocurrency Exchanges Collaborate to Promote Healthy Ecosystem

Seven major exchanges in Korea decided to collaborate and promote a safe and healthy cryptocurrency environment, recently. The seven exchanges included, Korbit, Coinone, Upbit, Gopax, Coinplug (Cpdax), Bithumb and Hanbitco. The agreement which was signed in a parliamentary policy debate was titled, “Agreement for the creation of sound cryptocurrency ecosystem.”

The representatives who signed the agreement on Monday issued a statement saying, “The main aim was to create a healthy cryptocurrency ecosystem … to prevent crime and protect investors by creating a sound cryptocurrency ecosystem and preventing money laundering.”

To further elucidate their point, the exchanges decided that they would be focusing on several areas such as setting up a consultation system to prevent crime and protect investors, work on strengthening customer identification, implement real-time monitoring of abnormal transactions such as money laundering and voice…