On February 16, GBBC Digital Finance announced that it has joined the International Organization of Securities Commissions (IOSCO) as an affiliate member. IOSCO is an international association that develops and promotes international securities standards.
IOSCO members are 35 national securities regulators and more than 200 affiliated organizations. In addition, IOSCO has an Affiliate Member Advisory Committee, which GBBC Digital Finance has joined as its 70th member. The committee contributes to IOSCO policies and standards. Committee members also form groups that provide annual training on securities related issues.
In July, IOSCO released the Crypto Assets Roadmap. GBBC Digital Finance Chairman Lawrence Wintermeyer said in the statement:
“We will work with IOSCO to best engage our members in 2023 to provide any assistance possible to the two IOSCO Working Groups on the Crypto Assets Roadmap, Crypto and Digital Assets (CDA) and Decentralized Finance (DeFi).”
In March, IOSCO released a paper on DeFi highlighting several of the risks it sees in the technology. Also in July, IOSCO teamed up with the Bank for International Settlements to release guidance on stablecoins.
IOSCO Demands Closer Control of “Financiers”
The Global Blockchain Business Council (GBBC) is the global industry association for the blockchain technology ecosystem, providing education and a presence at the World Economic Forum. In May 2022, it merged with Global Digital Finance, an association of market standards for the adoption of cryptocurrencies and digital assets, to form GBBC Digital Finance.
We are very pleased to announce that GBBC Digital Finance has joined the International Organization of Securities Commissions (IOSCO) as an affiliate member.
Read our full press release here: https://t.co/KxOI1EJW9y pic.twitter.com/G8DrVBMUrj
— GBBC Digital Finance (@GlobalDigitalFi) February 16, 2023
At the time of the merger, the new organization had 500 institutional members and 178 ambassadors serving in 95 jurisdictions. GBBC Digital Finance CEO Emma Joyce said in a February 16 statement: “Our priority at the GDF in 2023 is to engage with regulators and policy makers and explore together how we could create a DeFI learning and engagement platform.”
Credit : cointelegraph.com
