Fun

News Feed - 2023-11-17 06:11:06

Amaka Nwaokocha14 hours agoGlobal securities body IOSCO unveils crypto regulatory framework proposalsThe report from the International Organization of Securities Commissions provides a thorough explanation of regulatory expectations.5080 Total views15 Total sharesListen to article 0:00NewsJoin us on social networksThe International Organization of Securities Commissions (IOSCO) — an international regulatory body overseeing global securities markets — has released its conclusive report containing policy suggestions for crypto and digital asset (CDA) markets.


The suggestions within the report play a crucial role in formulating a unified global regulatory approach to address the substantial risks to investor protection and market integrity posed by centralized crypto asset intermediaries known as crypto asset service providers (CASPs).


IOSCO’s specific and focused recommendations provide a thorough explanation of regulatory expectations. According to the report, these expectations can be addressed by applying existing rules or creating new ones, depending on the jurisdiction. The aim is to tackle the identified critical areas of harm in these markets.Screenshot of the policy recommendations. Source: IOSCO


According to the report, the CDA recommendations establish a distinct and robust global regulatory foundation, ensuring CASPs adhere to the business conduct standards applicable in conventional financial markets.


The suggestions address crucial domains, aligning with IOSCO’s goals and principles for securities regulation and pertinent supporting standards, recommendations and best practices. The report identifies several critical domains: conflicts of interest from vertical integration, market manipulation, insider trading, fraud, custody, client asset protection, cross-border risks, regulatory cooperation, operational and technological risk and retail distribution.


Related:Exchanges federation touts crypto trading regulation, integration with TradFi


The IOSCO’s board comprises 35 regulators and top executives, such as the heads of the United States Commodity Futures Trading Commission, the U.S. Securities and Exchange Commission and the United Kingdom’s Financial Conduct Authority — among others.


Previously, in 2022, the organization published reports on DeFi, stablecoins and influencers. The supervisory capacities that the IOSCO recommends national regulators acquire include regulatory channels to report consumer complaints for misleading and illegal promotions and evidence-tracking processes to cope with online information’s fast pace and changing nature.


Magazine:Deposit risk: What do crypto exchanges really do with your money?# Cryptocurrencies# Law# Digital Currency# Cryptocurrency Exchange# Digital Asset# RegulationAdd reactionAdd reactionRead moreHistory tells us we’re in for a strong bull market with a hard landingExpect some crypto companies to fail in the wake of Bitcoin"s halvingTurkey aims to shed FATF ‘grey list’ status with new crypto regulations

News Feed

XRP Price: Analyst Says Expect Biblical Move Before Historic Crash – Here Are The Targets
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Jesse Coghlan1 hour agoMeta Q2 earnings: Reality Labs losses top $7.7B year to dateMeanwhile, Meta"s metaverse-building business has racked up around $21 billion in losses since the start of 2022.250 Total views14 Total
100,000 Micro Bitcoin Futures Trade on CME Exchange in First Six Days
100,000 Micro Bitcoin Futures Trade on CME Exchange in First Six Days More than 100,000 micro bitcoin futures traded on CME in the first six days since launch, t
Crypto Lender Vauld Suspends Withdrawals, Company Is Discussing ‘Restructuring Options’ With Advisors
Crypto Lender Vauld Suspends Withdrawals, Company Is Discussing "Restructuring Options" With Advisors On July 4, the crypto lending company Vauld announced it suspended withdrawals
VanEck’s Bitcoin ETF notches 1,400% daily trading volume increase
Tom Mitchelhill3 hours agoVanEck’s Bitcoin ETF notches 1,400% daily trading volume increaseVanEck and WisdomTree’s Bitcoin ETFs saw significant trading volume upticks out of the blue, with analysts at a loss for why
FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming to Be Affiliated With the Bankrupt Exchange
FTX Warns Community of Phony "Debt Tokens" and Scams Claiming to Be Affiliated With the Bankrupt Exchange On Friday, debtors who control the official FTX Twitter account warned the
US Charges Ethereum Dev’s Conspirators Allegedly Helping North Korea Evade Sanctions Using Crypto
US Charges Ethereum Dev"s Conspirators Allegedly Helping North Korea Evade Sanctions Using Crypto Two European citizens have been charged for conspiring with Ethereum developer Vir
Derek Andersen3 hours agoIMF eyes tens of billions in crypto asset taxes, has few suggestions for collecting themIncome tax, property tax, VAT, corrective taxation — there is a tax goldmine out there for governments, b
XRP Price To New All-Time High? Analyst Says $5.8 Is Possible Following ‘Golden Cross’
Este artículo también está disponible en español. The XRP price action has been one of the brighter spots in the cryptocurrency space in 2025, weathering virtually every
Crypto VC funding hits $2.7B in Q2, Tron may be ‘most profitable blockchain’ — Finance Redefined
Zoltan Vardai4 hours agoCrypto VC funding hits $2.7B in Q2, Tron may be ‘most profitable blockchain’ — Finance RedefinedCrypto startup funding rose over 2.5% in Q2, and Tron could be on track to become the most pro
Bitdeer is among the most ‘cost-effective’ Bitcoin miners: Benchmark
Tom Mitchelhill3 hours agoBitdeer is among the most ‘cost-effective’ Bitcoin miners: BenchmarkBenchmark analyst Mark Palmer initiated coverage of Bitdeer on Thursday, issuing the miner with a “buy” rating and set
Tom Mitchelhill2 hours agoChainlink downplays worries after users notice quiet change to multisigChainlink critics have reiterated concerns about the oracle network’s supposed centralization after a subtle adjustment t