Regulatory Alerts2023-12-08
IOSCO Policy Recommendations for Crypto and Digital Asset Markets
The International Organization of Securities Commissions (IOSCO) has issued 18 principles-based policy recommendations to foster consistent global regulation of crypto-asset service providers and mitigate market integrity and investor protection risks. These recommendations mandate that regulators apply existing financial frameworks to crypto-assets—following the principle of 'same activity, same risk, same regulation'—to address conflicts of interest, market abuse, inadequate custody, and retail harm. By focusing on the economic substance of these activities, IOSCO aims to minimize regulatory arbitrage and promote robust supervision across borders while facilitating responsible innovation.
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