IOSCO Proposes Global Rules for Crypto Sector.
The International Organization of Securities Commissions (IOSCO) has proposed the first global approach to regulating cryptoasset and digital markets, covering dealing with conflicts of interest, market manipulation, cross-border regulatory cooperation, custody of cryptoassets, operational risks, and treatment of retail customers. The proposed standards aim to eliminate conflicts of interest between the different parts of a crypto transaction and will be used to plug gaps in rulebooks worldwide. The watchdog aims to finalize standards by year-end and expects its 130 members worldwide to use them.