International Securities Watchdog Proposes First Set of Rules for Crypto Sector

International Securities Watchdog Proposes First Set of Rules for Crypto Sector
Representations of cryptocurrency Bitcoin, Ethereum, and Dash plunge into water in this illustration taken on May 23, 2022. Dado Ruvic/Reuters/Illustration
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The International Organization of Securities Commissions (IOSCO) has released its recommendations for the first global approach to regulating cryptocurrency-based assets and digital markets.

The IOSCO released a report (pdf) on May 23 that includes 18 policy recommendations that aim to incorporate established safeguards from mainstream markets to eliminate conflicts of interest between the different parts of a crypto transaction.