Japan's digital currency exchanges to form new industry body

A group of digital currency exchanges in Japan said Friday they will form a new organization with the aim of establishing industry business practice standards.The decision, agreed by all 16 exchanges that are registered with the government, including bitFlyer Inc. and GMO Coin Inc., follows a massive cryptocurrency heist from a Tokyo-based exchange earlier this year that raised questions about the security of digital currency assets.(Getty)The organization will draw up rules on advertising and how to prevent illegal activity such as insider trading. It will seek to be recognized as a regula…READ FULL ARTICLE