The five largest virtual asset exchanges in Korea will focus on monitoring nine stocks recognized by the U.S. Securities and Exchange Commission (SEC) including Rally (RLY), Power Letter (POWR), and AMP.
“In order to protect investors, we will review the stocks that member companies are providing transaction support among the nine virtual assets and monitor domestic and overseas regulations and market conditions,” the Digital Asset Exchange Joint Consultative Association (DAXA) said on its website.
The US SEC has accused all Coinbase employees of insider trading, pointing to nine virtual assets as securities: AMP, Rally, Derribadao (DDX), XYO, Lari Governance Dao (RGT), LCX (LCX), Power Leisurer, DFX Finance (DFX), and KROM.
Upbeat and Bithumb are supporting rally and power-resor transactions, and Cobit has listed amplifiers and rallies. Coinwon and Gopax are not supporting transactions for those coins.
“If the market price and trading volume of the virtual assets change sharply, DAXA can take measures such as urging investors to pay attention and attention, designating stocks and stocks, and ending transaction support in order to protect investors,” Daxa said.
Rally is an Ethereum-based open platform where creators and communities can do economic activities. Rally has allowed influencers, celebs, brands and content creators to launch their own social tokens.Power Leisure is a blockchain-based P2P (Peer To Peer) trading platform for renewable energy that anyone can purchase or sell energy.