- Iosco Recommendations for DeFi:
- Understanding Structures: Iosco emphasizes understanding DeFi arrangements and structures in the decentralized finance sector.
- Common Regulatory Standards: The recommendations aim to establish common standards of regulatory outcomes across member jurisdictions.
- Risk Identification and Management: Addressing key risks associated with DeFi to enhance market integrity and investor protection.
- Comprehensive Disclosures: Advocating for clear, accurate, and comprehensive disclosures within the decentralized finance space.
- Enforcement of Laws: Emphasizing the enforcement of applicable laws to mitigate risks in crypto-asset markets.
- Cross-Border Cooperation: Encouraging collaboration and cooperation across borders for effective regulatory oversight.
- Market Integrity and Investor Protection:
- Iosco’s policy recommendations are designed to tackle concerns related to market integrity and investor protection in the DeFi sector.
- The goal is to achieve greater consistency in regulatory frameworks and oversight across member jurisdictions.
- Global Investor Protection:
- Jean-Paul Servais, Chair of Iosco, highlights the real risks in crypto-asset markets.
- Coordinated efforts are underway to ensure consistent implementation of Iosco Recommendations globally for enhanced investor protection.
- Regulation & Compliance Focus:
- The recommendations complement those issued for crypto and digital asset markets, demonstrating a comprehensive approach to regulation and compliance.
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