When it comes to crypto regulation, all forms of help and expertise are welcome. It is with this in mind that IOSCO (International Organization of Securities Commissions) welcomes a new affiliate member. This is GBBC Digital Finance, a digital asset industry association.
Primary objective: support the authorities in charge of crypto regulations
Crypto regulation remains a controversial topic. The SEC VS Kraken case illustrates this regulatory vagueness very well. It is precisely to help regulators that GBBC Digital Finance (GDF) decided to join IOSCO.
In A press release published on February 16, the GDF emphasizes two essential points:
- his status
- its role within IOSCO.
GBBC Digital Finance joins IOSCO as an Affiliate Member. Its primary mission: to work with IOSCO members to establish clear and efficient crypto regulation.
“We will work with IOSCO to best engage our members in 2023 to provide all possible assistance to the two working groups of the Crypto-Asset roadmap of IOSCO,” said President Lawrence Wintermeyer.
Recommendations on crypto assets and DeFi before the end of the year
To carry out its mission, IOSCO has created an advisory committee which brings together affiliate members (including GDF). Members of the committee are divided into two working groups led by the SEC and the FCA.
Their role is to organize annual trainings on issues related to crypto regulations and securities. The goal: to engage regulators to inform how policies will be developed by the world’s leading regulators.
For its part, the GDF has set itself a specific goal for this year :
- Engagement with regulators and policy makers
- The joint examination of how one might build a DeFi education and engagement platform
SFM is 70e affiliate member of IOSCO. It has more than 500 institutional members who aspire to one and the same thing: to establish strong crypto regulations.
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