With a number of securities regulators across the world developing new rules for the crypto industry, the International Organization of Securities Commissions (IOSCO) aims to contribute to the ongoing discussion by releasing its own batch of crypto-focused policy recommendations.
IOSCO, which is an international body which brings together the globe’s securities regulators, has prepared a report with 18 recommendations, and, following a consultation period, aims to complete its work on the proposed measures in the fourth quarter of this year. “The proposed recommendations are principles-based and outcomes-focused and are aimed at the activities performed by crypto-asset service providers (CASPs).
They apply IOSCO’s widely accepted global standards for securities markets regulation to address key issues and risks identified in crypto-asset markets,” the organization said in its report. “The proposed recommendations are activities-based and follow a ‘lifecycle’ approach in addressing the key risks identified in this report.
They cover the range of activities in crypto-asset markets that involve CASPs from offering, admission to trading, ongoing trading, settlement, market surveillance and custody as well as marketing and distribution (covering advised and non-advised sales) to retail investors,“ according to the international body.Read more on cryptonews.com