IOSCO reviews implementation of recommendations for crypto and digital asset markets

On 16 October, the International Organization of Securities Commissions (IOSCO) has published its Final Report (“Report”) on its Thematic Review Assessing the Implementation of IOSCO Recommendations for Crypto and Digital Asset (CDA) Markets.

The IOSCO Review was conducted jointly by its Fintech Task Force and Assessment Committee. With a focus on investor protection and market integrity, the Review examined how twenty jurisdictions, from both advanced and emerging economies, have implemented a set of IOSCO’s 2023 Policy Recommendations for Crypto and Digital Asset Markets. The assessed recommendations cover matters related to governance, conflicts of interest, fraud and market abuse, cross-border cooperation, custody, retail client protections, and disclosures. The Review highlights both the progress made in regulating crypto-asset markets and the key areas for continued progress, such as promoting greater consistency in implementation, reducing risks of regulatory arbitrage, and strengthening enforcement practices.