ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us

Korean Cryptocurrency Exchanges Unveil Self-Regulatory Policies




Members of the Korean Blockchain Association have announced a new self-imposed code of conduct for cryptocurrency exchanges.

In an April 17 press conference, representatives from 14 of South Korea's leading cryptocurrency exchanges reportedly announced a set of self-imposed, non-legally binding rules that members of the Korean Blockchain Association (KBA), which includes those 14 exchanges, have agreed to abide by.

These rules include storing company and client funds separately, responding quickly to unusual transactions, and publishing regular financial reports. Also, according to an article by The Korea Times, the exchanges have agreed to keep a minimum of 2 billion won (slightly under $2 million at press time) on hand.

Among the KBA's member exchanges are Bithumb, Upbit, and OKCoin, which was formerly based in China.

One official with the association explained that the new rules are "basic requirements to ensure transparent crypto transactions," and related that, in the future, the group would "come up with more measures to bring order to the chaotic cryptocurrency market and to protect clients better." Its overall goals include impeding money laundering, insider trading, and price rigging on exchanges.

Beginning on May 1, the KBA will conduct inspections of Korea-based exchanges' platforms, and association members are expected to present the body with reports detailing their own operations by May 8.

According to reports, the KBA has yet to reach a consensus on matters relating to ICOs, although it's unclear that a KBA position on the topic will have much impact if and when financial authorities implement an anticipated ICO policy of their own.

On April 12, on the other side of the body of water known alternatively as the East Sea and the Sea of Japan, 16 cryptocurrency exchanges announced plans for a self-regulatory body called the Japan Virtual Currency Exchange Association.

Adam Reese

Adam Reese is a Los Angeles-based writer interested in technology, domestic and international politics, social issues, infrastructure and the arts. Adam holds value in Ether, Bitcoin, and Monero.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest South Korea, cryptocurrency or other Ethereum wallets and exchanges news.