IOSCO Sets Global Rules For Crypto Markets

IOSCO Unveils Global Policy Recommendations for Crypto Markets

The International Organization of Securities Commissions (IOSCO) has released its final report outlining crucial policy recommendations for crypto and digital asset (CDA) markets. Focused on addressing investor protection and market integrity risks posed by Crypto Asset Service Providers (CASPs), these guidelines provide a coordinated global regulatory response. The recommendations cover key areas, such as conflicts of interest, market manipulation, custody, cross-border risks, and more.

IOSCO Chair, Jean-Paul Servais, emphasized the report's significance, stating it is a vital step toward ensuring fair, efficient, and transparent operations in crypto asset markets. The recommendations, aligned with G20 and FSB goals, establish an international regulatory baseline for CASPs, ensuring adherence to standards applied in traditional financial markets.

Tuang Lee Lim, Chair of the IOSCO Board-Level Fintech Task Force, highlighted the consistency between CASPs' activities and risks observed in traditional markets. The 18 outcomes-focused recommendations for crypto and digital asset markets align with IOSCO's principles, emphasizing a "same activity, same risk, same regulatory outcome" approach. The focus now shifts to adoption and implementation across IOSCO member jurisdictions to ensure optimal consistency in regulating crypto-asset markets.

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