Some virtual coin exchanges have teamed up with Cameron and Tyler Winklevoss, the originators of Gemini, with the purpose of setting up a self-regulatory organization.
The Virtual Commodity Association, initially spoken of in March this year, intends to promote financially reasonable, responsible and cutting-edge commodity markets through the creation of standards for the sector and through bolstering preventive measures against all kinds of manipulations among cryptocurrency exchanges.
The project moved to the next stage yesterday, as Gemini organized a working group to start hammering out the standards.
Bitcoin prices were mostly flat on Tuesday. A single bitcoin slipped 1 percent to $6,449.46.