At OKCoin, we’ve always believed that smart regulations will help the crypto industry thrive and pave the way for mainstream adoption. That’s why we’re so excited to announce that OKCoin has officially joined the Crypto Rating Council (CRC), a member-operated organization formed to assist crypto market participants in achieving compliance with U.S. federal securities laws.
Founded in September 2019, the CRC assesses and rates tokens, offering much-needed regulatory clarity for the crypto industry. The council analyzes digital assets based on a scalable framework and addresses the proverbial elephant in the room — whether a given asset could qualify as a security in the eyes of regulators. The council enables industry leaders to work with securities law experts to ensure that all token listings comply with the latest guidance from the U.S. Securities and Exchange Commission (SEC). For crypto service providers, who often make business decisions based on the regulatory community’s perspective on emerging assets, these ratings serve as a helpful baseline.
Our mission is to make digital assets more accessible, and we believe that regulatory clarity will play a huge role in the industry’s next evolution. In the meantime, OKCoin will continue to lend its expertise, helping crypto leaders to interpret the latest SEC guidance and make solid business decisions. Sound token listings lead to a healthier market, as a whole, and we are proud to be a part of this initiative.
In the words of our own CEO Tim Byun, “We believe digital assets are the future, but, to make that future possible, crypto businesses need clarity, consistency, and expert guidance to understand the regulatory implications of listing these assets.”
This is a great way to kick off what’s sure to be an exciting 2020, and it comes after a year of major growth for OKCoin. In the last twelve months, we’ve added more tokens to our ever-growing list of supported digital currencies, launched OKCoin Premier for our high-volume traders, and expanded our reach around the globe. Joining the CRC is just the latest step in our quest to bring cryptocurrency to the masses, but we’re just getting started — stay tuned to find out what’s next for OKCoin!
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