International Organization Of Securities Commissions (Iosco) Unveils Crypto Regulatory Framework Proposals.

The report of the International Organization of Securities Commissions (IOSCO) detailed market regulation expectations through comprehensive explanations.

The International Organization of Securities Commissions (IOSCO), as an international market regulatory body overseeing global securities markets, has released its final report containing regulatory proposals for crypto and digital asset (CDA) markets.

The report emphasizes the importance of adopting a global approach by focusing on significant risks posed by central crypto asset service providers (CASP), known as central crypto asset intermediaries, in terms of investor protection and market integrity.

IOSCO's recommendations for crypto markets provide a comprehensive explanation of regulatory expectations. The report highlights that these expectations can be met by adhering to jurisdictional authority, applying existing rules, or introducing new regulations. The primary aim of the regulations is stated to be the elimination of potential risks identified in the markets.

The report underscores that the CDA recommendations provide a significant foundation for ensuring the compliance of central crypto asset service providers (CASP) with commercial standards in traditional financial markets.

The report delves into IOSCO's goals, principles, and supportive standards, recommendations, and practices regarding securities regulations. It also focuses on various critical areas by identifying conflicts of interest arising from vertical integration, market manipulation, insider trading, fraud, protection of customer assets, cross-border risks, regulatory collaboration, operational and technological risks, and retail distribution.

IOSCO's board of directors consists of top executives from 35 significant institutions, including the U.S. Commodity Futures Trading Commission, the U.S. Securities and Exchange Commission, and the UK Financial Conduct Authority.

Having previously published a report on DeFi, stablecoins, and influencers in 2022, IOSCO suggests mechanisms for reporting consumer complaints against misleading and illegal promotions and emphasizes the need to focus on evidence-tracking processes to keep up with the pace of online information.

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