OKEx has been looking to make crypto exchanges self-regulated for a while. Now, OKEx has revealed its plans to make a “Self-Regulated Organization” (SRO), The organization will be responsible for standardizing exchange practices and policies. OKEx wants exchanges and other crypto companies in the global crypto sphere to be the founding members of this exciting new initiative, which shares many similarities to the World Federation of Stock Exchanges, United States’ FINRA, and the World Economic Forum. According to Andy Cheung, COO of OKEx, “Cryptocurrencies are global and decentralized, and the industry remains nascent, thus regulations by jurisdiction are not enough,” said Andy Cheung, Head of Operations for OKEx. “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.” As the organization is open to all exchanges of varying sizes and jurisdictions, it is planned that it will be a membership-based and will be independent. The new group will serve as an additional regulatory body to already existing traditional financial regulators. The SRO Member exchanges are also planning to cooperate to decide and adopt regulatory measures with the objective of promoting crypto adoption globally, educate governments and regulators, and develop standards and criteria for trading, listings, and reporting. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Fed’s Kaplan: Negative rates in Europe show there are limits to monetary policy FX Street 3 years OKEx has been looking to make crypto exchanges self-regulated for a while. Now, OKEx has revealed its plans to make a "Self-Regulated Organization" (SRO), The organization will be responsible for standardizing exchange practices and policies. OKEx wants exchanges and other crypto companies in the global crypto sphere to be the founding members of this exciting new initiative, which shares many similarities to the World Federation of Stock Exchanges, United States' FINRA, and the World Economic Forum. According to Andy Cheung, COO of OKEx, "Cryptocurrencies are global and decentralized, and the industry remains nascent, thus regulations by jurisdiction are not enough,"… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.