Within IOSCO, a Fintech Task Force (FTF) chaired by the Monetary Authority of Singapore’s (MAS) Lim Tuang Lee was established to oversee the paper’s recommendations. The FTF is made up of 27 of 35 board member jurisdictions.
Global securities standard setter International Organization of Securities Commissions (IOSCO) has released a detailed recommendation on the global approach to regulating crypto assets and digital markets, which will be open to the public for comments until July 31.
In a statement, the IOSCO says that this is a major initiative designed to improve global standards of regulation of crypto assets, setting out how clients should be protected and how crypto trading should meet the standards that apply in public markets. The IOSCO regulates more than 95% of the world’s securities markets in some 130 jurisdictions, including Singapore.
