TechFlow reported, according to CoinDesk, the International Organization of Securities Commissions (IOSCO) has opened for public consultation its 18 policy recommendations targeting cryptocurrency and digital asset markets. The recommendations cover a range of issues including market abuse, conflicts of interest, client asset protection, disclosure, and risks associated with cryptocurrencies.
The proposals primarily address broad concerns regarding investor protection and market integrity in the crypto market. IOSCO recommends that regulators who do not currently enforce activity-based regulation consider prohibiting crypto service providers from "combining certain functions within a single legal entity or group of related entities," as firms often engage in multiple activities such as operating exchanges, proprietary trading within the same market, and safeguarding client assets.
