Global market regulators are likely to launch a joint body within the next year to better coordinate cryptocurrency regulations, said a top executive of the International Organization of Securities Commissions (IOSCO).
A Global Body to Coordinate Crypto Rules
Top executives at the International Organization of Securities Commissions (IOSCO) discussed cryptocurrency regulation this week. Members of the global organization regulate more than 95% of the world’s securities markets in more than 130 jurisdictions.
Emphasizing the need for a global group to align crypto rules, IOSCO Chair Ashley Alder said global market regulators are likely to launch a joint body within the next year to better coordinate cryptocurrency regulations, Reuters reported.
Noting that similar setups are already in place for climate finance, including one set up by the G20 countries, Alder described:
There isn’t anything like that for crypto at the moment … But I do think now it’s seen as one of the three C
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