IOSCO finalizes its DeFi Policy Recommendations
The nine IOSCO Policy Recommendations aim to address market integrity and investor protection concerns arising from DeFi.
The nine IOSCO Policy Recommendations aim to address market integrity and investor protection concerns arising from DeFi.
The IOSCO has now released its Final Report with Policy Recommendations for Crypto and Digital Asset (CDA) Markets.
The IOSCO has opened a public consultation and aims to finalise its DeFi recommendations around the end of 2023.
The recommendations do not cover activities, products or services provided in the so-called “decentralized finance” or “DeFi” area.
The guidance applies “same risk, same regulation” to systemically important stablecoin arrangements that are used for payments.
There was a broad and rapid increase in margin calls across the financial system in March 2020 in the face of market turmoil and volatility.
The Principles for Financial Market Infrastructures (PFMI) apply to systemically important stablecoin arrangements.
Until a successor is appointed, Mr. Andrews’ deputy, Tajinder Singh, will be acting Secretary General from the end of February.