IOSCO requested comments on key considerations for
the regulation of crypto-asset trading platforms ("crypto
exchanges").
In a new report, IOSCO defines "crypto
assets" to include any asset, including crypto currency and
most initial coin offerings, the value of which is linked to
cryptography or the use of distributed ledger technology. IOSCO
said that crypto exchanges may perform, in addition to the
activities of a market, the functions that are more commonly
associated with custodians, transfer agents and clearing
corporations.
In the report, IOSCO considered issues and risks related to
trading, custody, clearing and settlement, cybersecurity, and
operational soundness as well as issues of regulatory jurisdiction
(i.e., whether the traded assets are
"securities").
