- 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.
- Finextra Notice:
- Finextra, the platform delivering the news, reminds users of its use of cookies for service delivery.
- Users have the option to change preferences at the Cookie Centre and are encouraged to read the Privacy Policy.
- Editorial Selection:
- The content has been carefully selected, created, and edited by the Finextra editorial team based on relevance and interest to the community.
Iosco issues DeFi policy recommendations
Topics
Popular Categories
Previous article![]( "Bunq launches GenAI chatbot")
Next article![]( "Non-sweeping VRPs set for Phase 1 UK roll out in Q3 2024")
