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The Biggest Digital Exchanges Are Teaming Up To Police the Crypto Space

  • The Virtual Commodity Association seeks to stamp out cheating
  • Members include Gemini, Bitstamp, BitFlyer and Bittrex
Cameron and Tyler Winklevoss

Cameron and Tyler Winklevoss

Photographer: David Paul Morris/Bloomberg

Updated on

Several of the world’s largest digital exchanges joined an effort to root out bad behavior in the $214 billion cryptocurrency industry.

Created by Gemini Trust co-founders Cameron and Tyler Winklevoss, the Virtual Commodity Association expanded its roster of exchange participants to include Bitstamp, BitFlyer USA and Bittrex, according to a statement Monday. Representatives from the four marketplaces will meet for the first time in September to discuss setting up the self-regulatory organization.