Regulatory Alerts2018-02-26
IOSCO Puts the Spotlights On Virtual Currencies
The International Organisation of Securities Commissions (IOSCO) Board has directed global securities regulators to intensify scrutiny and develop appropriate regulatory frameworks for virtual currencies, including cryptocurrencies and bitcoins. Emphasizing the need to avoid conferring undue legitimacy while addressing significant investor risks, the Board mandated a deep analysis of these products to determine the precise perimeter and depth of regulation required. Regulators are further instructed to launch intensive public awareness initiatives and accelerate investor education to ensure market transparency, efficiency, and adequate protection amid the rapid incursion of digital assets.
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