ChainCatcher news, the International Organization of Securities Commissions (IOSCO) Board stated that since 2020, the ownership of cryptocurrencies among retail investors has significantly increased, and called for more education for investors in this field.According to a report, among the 24 jurisdictions surveyed, 15 jurisdictions reported that the proportion of retail investors owning cryptocurrencies reached 10% or more last year, while 6 jurisdictions reported cryptocurrency ownership of 30% or more.IOSCO wrote, "This is a sharp increase compared to 2020, when half of the responding jurisdictions estimated that only 1% to 5% or less of investors owned cryptocurrencies. The crypto asset space has been continuously evolving since 2020."It added, "Despite market volatility and experiencing a severe downturn during the 'crypto winter' of 2022, retail investors in both developed economies and emerging market jurisdictions continue to invest in the crypto asset market."

ChainCatcher news, the International Organization of Securities Commissions (IOSCO) has released policy recommendations for DeFi to address issues of market integrity and investor protection in DeFi. Based on IOSCO's established securities regulatory approach, the policy recommendations for DeFi aim to support jurisdictions seeking to establish compliant markets in the most effective way. IOSCO also seeks to encourage consistency in the regulatory approach to crypto asset markets and securities markets across various IOSCO jurisdictions based on the principle of "same activities, same risks, same regulation/regulatory outcomes."These recommendations also cover the necessity for enhanced cooperation among regulators to coordinate and address cross-border challenges in enforcement and regulation, and to tackle the regulatory arbitrage issues arising from the cross-border nature of global crypto asset activities conducted by DeFi participants.

ChainCatcher news, the International Organization of Securities Commissions (IOSCO) released regulatory recommendations for the cryptocurrency market on Friday, aimed at helping to formulate global regulatory responses to the risks posed by crypto asset service providers. It is reported that the International Organization of Securities Commissions (IOSCO) has been consulting on rules for the cryptocurrency industry since May, covering issues such as market abuse, conflicts of interest, client asset protection, disclosure of information, and risks associated with cryptocurrencies.

ChainCatcher news, according to CoinDesk, the International Organization of Securities Commissions (IOSCO) stated in a report released on Thursday that governments should clarify who is responsible for so-called decentralized financial applications and regulate them like traditional financial market participants. IOSCO members include agencies such as the U.S. Securities and Exchange Commission and the UK's Financial Conduct Authority.Tuang Lee Lim, chair of the IOSCO board-level fintech task force, said in a statement, "There is a common misconception that DeFi is truly decentralized and governed by autonomous code or smart contracts." "In reality, regardless of how DeFi arrangements operate, 'accountability' can be determined."

ChainCatcher news, the International Organization of Securities Commissions (IOSCO) opened its policy proposals on the cryptocurrency and digital asset markets for public consultation on Tuesday. These policy proposals cover a range of issues including market abuse, conflicts of interest, customer asset protection, and information disclosure. The consultation period for the first set of detailed regulatory proposals for cryptocurrencies will end on July 31. (Source link)

ChainCatcher news, according to a report by Reuters, Jean-Paul Servais, the chairman of the International Organization of Securities Commissions (IOSCO), stated at an event hosted by the Paris Fund Management Association that IOSCO will soon propose the first set of international rules for crypto assets, including how existing regulations apply to the industry. Members of IOSCO, including the U.S. Securities and Exchange Commission, the Japanese Financial Services Agency, and regulatory bodies from the UK, Germany, and France, have committed to adopting the organization's recommendations.Servais stated, "The collapse of major cryptocurrency players like FTX and recent market events have strengthened my resolve to achieve this agenda. As I have repeatedly pointed out, IOSCO's recommendations will clarify the extent to which existing principles and guidelines apply to cross-border virtual assets and service providers, and private finance will become a new focus of IOSCO's work this year." (source link)

ChainCatcher news, according to Ledger Insights, the International Organization of Securities Commissions (IOSCO) has confirmed plans to consult on the regulation of cryptocurrencies and digital assets in the second quarter of this year, with a final report to be released by the end of the year.Meanwhile, another working group will focus on DeFi regulation, planning to conduct consultations in the third quarter of this year and release a final report by the end of the year. This is part of IOSCO's work plan for 2023/24.It is reported that IOSCO has previously outlined how existing securities regulations can be applied to DeFi in many cases. It is also exploring the connections between DeFi and stablecoins, crypto trading, lending platforms, and the broader financial markets.According to previous reports, last year IOSCO and the Bank for International Settlements (BIS) released regulatory guidelines for systemic stablecoins. The guidelines emphasize that if a stablecoin performs transfer functions and regulators consider it important to the financial system, it should comply with the Principles for Financial Market Infrastructures (PFMI). (source link)

ChainCatcher news, according to Reuters, the new chairman of the International Organization of Securities Commissions (IOSCO), Jean-Paul Servais, stated, "The FTX collapse highlights the urgency of crypto regulation, particularly the regulation of crypto platforms. Platforms like FTX perform multiple roles, such as brokerage services, custody, proprietary trading, and token issuance, which can lead to conflicts of interest. For the sake of protecting investors, it is necessary to apply IOSCO's principles to crypto assets through targeted guidance, thereby providing additional clarity for these crypto markets. Regulatory work on such crypto platforms will be a focus in 2023." (source link)

ChainCatcher news, the International Organization of Securities Commissions (IOSCO) stated in a report on Wednesday that securities regulators should have the authority to demand the shutdown of foreign crypto websites. IOSCO also warned that applications are using tactics borrowed from mobile games to lure people into purchasing unsuitable financial products; while financial influencers (Finfluencers) provide investment advice without obtaining licenses.The report stated that financial services are gradually becoming "digitalized," and rules need to be adjusted. The organization noted that cryptocurrencies can be particularly opaque and volatile. IOSCO Secretary General Martin Moloney stated, "Digital fraudsters may hide behind a 'digital veil,' making it difficult for regulators to find, identify, and take action against them."The report indicated that crypto products may deceive investors while evading regulations applicable to traditional financial products like stocks. However, IOSCO believes it has found a way to address the issue of international crypto marketing. "New cooperative mechanisms may be established to help ensure that local regulators of wrongdoers take action to curb online illegal activities (including misconduct related to crypto assets) based on requests from foreign regulators that have identified violations." The report added that this could mean, for example, the SEC requesting foreign authorities to shut down or block access to illegal websites or social media pages, halt trading, or recover fines related to overseas crypto websites.According to previous reports, television reality star Kim Kardashian recently reached a settlement with the U.S. Securities and Exchange Commission (SEC) and paid $1.26 million, after the SEC accused Kardashian of promoting the EthereumMax token on Instagram without disclosing the payment she received for the promotion. (Source link)