This, although commendable, is unworkable. Exchanges will not sign up to a policy over which they have no control and there is no clear control/revision mechanism. Indeed an exchange may implement its own policies which are more technically and practically secure.

If you try to put a series of rules in place, they will serve as an excuse for more thefts/losses. "We did X according to the standard, but still got robbed".

The only standard there needs to be is "Don't steal or lose people's money". And as we all know, even this is optional.


BB.