The International Organization of Securities Commissions (IOSCO) has unveiled long-awaited policy recommendations for the regulation of crypto and digital asset (CDA) markets. This milestone publication is aimed at addressing investor protection and market integrity risks, marking a significant stride toward a coordinated global regulatory framework.
These recommendations respond to the challenges posed by crypto exchanges or crypto asset service providers (CASPs).
In its comprehensive report, IOSCO introduces six key areas of focus for regulating CDA markets. These include conflicts of interest due to vertical integration, market manipulation, insider trading, fraud, custody and client asset protection, cross-border risks, and operational and technological risk, as well as retail distribution.
The goal of the recommendations is to establish a clear and robust international regulatory baseline, ensuring that CASPs adhere to the same standards of business conduct as traditional financial markets.
IOSCO Chair Jean-Paul Servais expressed satisfaction with the report, highlighting its crucial role in investor protection and the fair, efficient, and transparent operation of crypto asset markets. He emphasized the report’s significance within the international crypto regulation framework envisioned by the G20 and FSB.
Looking forward, attention shifts to the adoption and implementation of these recommendations across IOSCO member jurisdictions.
These recommendations set the stage for a recalibration of the crypto regulatory landscape, emphasizing global cooperation and consistency. The next critical phase involves the adoption and implementation of these measures to ensure regulatory uniformity across IOSCO member jurisdictions. As the cryptocurrency industry evolves, IOSCO’s guidance aims to balance innovation and investor protection on a global scale.
By FCCT Editorial Team
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