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IOSCO pushes global tradfi rules to clean up crypto

IOSCO made 18 recommendations to fix major issues including fraud, pump-and-dump schemes and insider trading

Speaking at the FCA's offices, IOSCO’s Jean-Paul Servais said the group’s recommendation will help reduce regulatory arbitrage as crypto gets brought into the regulatory perimeter
Speaking at the FCA's offices, IOSCO’s Jean-Paul Servais said the group’s recommendation will help reduce regulatory arbitrage as crypto gets brought into the regulatory perimeter Photo: Bloomberg via Getty Images

The global body for regulators plans to develop a common set of recommendations that watchdogs across the globe can use when overseeing crypto.

In a 23 May consultation, the International Organization of Securities Commissions — which acts as a global standard setter for securities regulators — set out its view of the major problems plaguing the digital asset industry, with 18 recommendations around asset segregation and market surveillance to mitigate risks.

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