[Blockchain Today Correspondent Han Ji-hye] Xangle, the leading public disclosure platform in the crypto industry, denied the allegations of a ‘cryptocurrency listing broker’, saying, “It only served as a listing consulting service.”
On the 27th, Jangle announced on its website that “Jangle was not involved in the listing review process, and has never received a fee in the name of successful listing.”
Earlier on the same day, a media company said, “Jangle’s Listing Management Service (Listing Management) contract is like a microcosm of the ‘moral hazard’ that is prevalent in the cryptocurrency industry. It also contains content that acts as a ‘broker’ and kindly explains the stock listing, a deep-rooted practice in the industry.”
In response, the company said, “Jangle’s listing management service product is a service that submits an audit opinion based on the preparation of documents, document verification, and due diligence of evidence that must be submitted for listing. No,” he drew a line. “An audit opinion means an objective opinion on the status of the project,” he added.
According to the announcement, such a service is already established in Japan, where listing standards are much stricter than in Korea. Also, in the traditional stock market, as a third party, the service to review the documents and provide an audit opinion has existed for a long time before listing.
Jangle said, “The listing management product is part of an effort to train the private broker market, which promises to be listed indiscriminately, into the traditional financial sector’s listing organizer business. Because there is no disrespectful part, the scope and limits of the official service are clear with customers. We have been communicating well, and Jangle did not lobby for listing on any exchanges.”
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