Global securities regulator IOSCO continues to provide guidance on overseeing the cryptocurrency market for approximately 130 jurisdictions.
Regulating more than 95% of the world International Organization of Securities Commissions (IOSCO), On December 19 9 policies published its recommendation. One month after his recommendations to regulate the cryptocurrency market decentralized finance (DeFi) included his recommendations.
IOSCO, so far decentralized While it was struggling to combat the protocols, in a report published in September, it gave instructions to governments to take responsibility and regulate such practices.
In the current report, IOSCO calls for regulating the cryptocurrency market and securities markets to the extent of “same risk, same activity”. encouraged. The regulatory body also DeFi And Similar to traditional financial markets He stated that he followed such a regulatory path considering its economic functions.
Stating that when the rules currently applied to traditional finance are not valid, these rules should be changed. IOSCO, He included his views on how responsible persons will be determined and how the laws will be implemented.
The responsible persons mentioned in the report include those who have sufficient influence on the financial activity. IOSCO Therefore, decentralized autonomous organization (DAO) Operating as a company does not relieve people from responsibilities. he stated.