The creation of laws or rules has great significance in every field of life. All the developments depend on those rules and regulations. Although cryptocurrencies and crypto exchanges are working for a little long time. But the creation of laws, rules, and regulation is still under discussion process. Governments and companies still working on it how to make them compatible with other currency or economic laws. OKex Crypto Exchange also work on that and presented its thoughts at Delta Summit
“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,” Enzo Villani, the company representative said, “We are in discussions with other exchanges and market participants to join us in formalizing a global SRO.”
“Cryptocurrencies are global and decentralized, and the industry remains nascent, thus regulations by jurisdiction are not enough,” another company representative Andy Cheung, said. “The only way for exchanges to grow and deliver impact is by joining together to develop practices and policies that will set a global standard and adapt to regional regulatory frameworks.”