Source: Asia Financial
By Jim Pollard
The international securities watchdog has unveiled recommendations on Tuesday for global regulation of crypto-assets and digital markets; it aims to finalise them by year-end
International securities watchdog IOSCO unveiled recommendations on Tuesday for a standard global structure to regulate crypto-assets and digital markets.
The sector, which generally only needs to comply with anti-money laundering checks, has been urging regulators to establish a global system because different jurisdictions have had their own rules.
The move by IOSCO follows the collapse of the FTX exchange late last year, which intensified concern that consumers need to be protected.
It comes after the crypto exchange began US bankruptcy proceedings last November after a liquidity crisis that prompted intervention from regulators worldwide…
Read full article: https://www.asiafinancial.com/global-watchdog-unveils-regulatory-system-for-crypto-sector
