The inaugural general meeting of the Digital Asset Fair Trade Association, established for the development of the Korean blockchain industry and fair competition and trading in the digital asset market, was held on August 18th at the conference room of the Association located in Seocho-daero, Seocho-gu.
 

Under the broad framework of protecting the rights and interests of the blockchain and digital asset industry, the Digital Asset Fair Trade Association properly communicates the situation of the industry to the National Assembly, administrative agencies, and the media, and maintains fair standards and order in the industry as a whole. and evaluation group.

On this day, the inaugural general meeting was held online by connecting conference centers in Seoul and Gwangju to comply with the corona quarantine rules. At the event, the election and appointment of various persons, and future plans for the operation of the association were shared.

First, Rangil Kim, CEO of H3 Holdings, was elected as the chairman, and at the same time ▲Advisor Hyungjoong Kim (Professor, Graduate School of Information Security, Korea Graduate School) ▲Advisor Pilyong Kim (Chairman of the Korean Journalists Association) ▲Advisor to China Kwon (Deputy Representative of Law Firm Min) ▲Director Seongki Kim (CEO of Hackers Lab) ▲ Director Seo-Jin Lee (CEO of J-Bit Exchange) was appointed.

Future operation plans include ▲Promotion of legislation of the ‘Digital Asset Transaction Act’ for fair trade of digital assets ▲Proposal of technical guides for digital asset issuers and establishment of a technology inspection organization ▲Proposal of compliance guidelines for digital asset exchanges and ‘Reg-Tech’ Establishment of a 'technical group' ▲ nurture of 'digital asset fair traders' and nurture technical manpower ▲ Promotion of legislation for digital asset mutual aid association and establishment of mutual aid association ▲ legal consultation for digital asset issuers and business operators and investor protection activities were listed.

In particular, Chairman Kim Rang-il, who was elected as the chairman of the board on the same day, said in the purpose of the establishment of the corporation, "Korea's blockchain technology market and digital asset trading market are in an unstable state amid the government's lukewarm response and non-execution of laws at both the time of its birth and expansion. In order to prepare for such a situation, it is expected that the industry will be in a 'shutdown' state due to the non-issuance of a 'real name verification account' despite the ceaseless efforts of companies on September 25, when the Special Payment Act will be enforced. The purpose of the establishment of this association was announced.

In addition, "Exchange operators must acquire and operate exchange operating rights under fair laws and standards, and digital asset issuers and foundations must objectively evaluate their efforts to secure cutting-edge technology and ecosystem. The right to conduct safe transactions on exchanges operated as a standard must be guaranteed,” he said.

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