A total of 16 Japanese crypto exchanges have joined togETHer to form a new crypto association. The goal? To self-regulate cryptocurrencies in order to regain the public’s trust of the crypto industry as a whole.

News outlet Nikkei reported that the Japanese crypto exchanges are looking towards self-regulation as a way to “rebuild public trust battered by high-profile theft.”

More information is going to be released later this year, about trading and disclosure rules. That information can be expected for public release sometime in the summer. In the meantime, the government will continue to review applications.

The 16 Japanese crypto exchanges include Money Partners, Bitflyer, Quoine, SBI Virtual Currencies, Bitbank, Bittrade, GMO Coin, DMM Bitcoin (available on Coinbase), BTCbox, Bitarg Exchange Tokyo, Bitpoint Japan, Bitocean, FTT Corporation, Xtheta, Tech Bureau, and Fisco Virtual Currency.

The President of the foreign exchange platform provider Money Partners Group, Taizen Okuyama, was appointed as the chief of the new crypto association.

Okuyama reinforced the association’s message: “We’ll pursue self-regulation to further the market’s healthy development and allay uncertainty among cryptocurrency users.”