Cryptocurrencies are global and decentralised, and the industry remains nascent, thus regulations by jurisdiction are not enough. 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.
I was passed the torch by Mia Tam (a Chinese cryptocurrency influencer). After all, the torch is not only about the lightning network, it also shows the world that we can transfer funds around the globe without any brokers with Bitcoin.
OKEx, a spot and futures digital asset exchange, has launched an initiative to create a Self-Regulated Organisation (SRO) aimed at standardising exchange practices and policies.
The torch has now blazed through 40+ countries