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ARTICLE · 12 JUNE 2023

IOSCO Consults On Policy Recommendations For Crypto And Digital Asset Markets

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The International Organization of Securities Commissions ("IOSCO") recently published a consultation report (CR01/2023) ("Consultation") on draft policy recommendations ("Recommendations") to support greater regulatory...

United StatesTechnology
Neil Robson
Neil Robson
Ciara McBrien
Ciara McBrien
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The International Organization of Securities Commissions ("IOSCO") recently published a consultation report (CR01/2023) ("Consultation") on draft policy recommendations ("Recommendations") to support greater regulatory and oversight consistency within the crypto and digital assets markets.

The Recommendations cover the following key areas:

  • conflicts of interest arising from vertical integration of activities and functions;
  • market manipulation, insider trading and fraud;
  • cross-border risks and regulatory cooperation;
  • custody and client asset protection;
  • operational and technological risk; and
  • retail access, suitability and distribution.

IOSCO noted that the Recommendations are principles-based and outcomes-focused. The Recommendations cover the main risks arising from various activities performed by cryptoasset service providers ("CASPs"), including offering, admission to trading, ongoing trading, settlement, market surveillance and custody, as

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