RATE Group | Malta-Based OKEx Kicks Off Global Compliance Standards Initiative for Cryptocurrency Exc…
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Malta-Based OKEx Kicks Off Global Compliance Standards Initiative for Cryptocurrency Exc…

04 Oct Malta-Based OKEx Kicks Off Global Compliance Standards Initiative for Cryptocurrency Exc…

Posted at 08:46h in Cryptocurrency News by

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One of the world’s largest spot and futures digital asset exchanges OKEx is taking the initiative to create a Self-Regulated Organization (SRO) aimed at standardizing and self-regulating global cryptocurrency exchange practices and policies.

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“While other organizations have introduced initiatives to elevate standards for crypto exchanges, most are focused on one jurisdiction. We applaud their efforts and OKEx will determine which ones are important to our customers. Our initiative is focused on creating a global SRO that can provide international standards,” said Enzo Villani, Head of International Strategy and Innovation at OKEx. “We are in discussions with other exchanges and market participants to join us in formalizing a global SRO.” 

The organisation will be similar to FINRA in the United States, FINMA in Switzerland, The World Federation of Stock Exchanges,  and the World Economic Forum, OKEx is engaging exchanges and market participants in the…

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