Could you elaborate on IOSCO's inaugural global framework for overseeing cryptoassets and digital markets? I'm particularly interested in understanding the
CORE principles and strategies they have outlined. Are there any key regulatory gaps they have identified, and how do they propose to address them? What role do they envision for international cooperation in this space? Additionally, how do they plan to ensure that the regulatory approach is both responsive to the rapid evolution of these markets while also protecting investors and market integrity? I'd appreciate a concise yet comprehensive overview of IOSCO's initial steps in this area.
7 answers
BlockchainMastermind
Sun Jul 14 2024
By harmonizing regulatory standards, IOSCO hopes to improve the transparency, integrity, and stability of these markets.
CryptoLegend
Sun Jul 14 2024
On May 23, Reuters reported that the International Organization of Securities Commissions (IOSCO) had unveiled a global approach to regulating cryptoasset and digital markets.
CryptoBaroness
Sun Jul 14 2024
As part of this effort, IOSCO will collaborate with various regulators and industry stakeholders to develop best practices and guidance.
CharmedSun
Sun Jul 14 2024
This initiative was announced on Tuesday, drawing upon valuable lessons learned from the collapse of the FTX exchange last year.
GeishaMelody
Sun Jul 14 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot trading, futures trading, and digital wallet solutions.