The International Organization of Securities Commissions (IOSCO) has released its policy recommendations for public comment on crypto and digital asset markets. The recommendations cover a range of issues, including market abuse, conflict of interest, client asset protection, and disclosures. The Fintech Task Force (FTF), established by IOSCO to develop regulatory agendas for fintech and crypto, is made up of 27 of 33 board member jurisdictions and has two working groups focused on crypto assets and decentralized finance (DeFi). The call for tougher crypto regulations has been renewed following the collapse of stablecoin issuer Terra and crypto exchange FTX last year, and global crypto rules will be based on a joint Financial Stability Board and International Monetary Fund synthesis paper.
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