Crypto sector gets its first set of global rules from watchdog

The International Organization of Securities Commissions (IOSCO) has unveiled the first global approach to regulating cryptoasset and digital markets, with 18 measures planned to eliminate conflicts of interest between different parts of a crypto transaction. The proposed standards cover dealing with conflicts of interest, market manipulation, cross-border regulatory cooperation, custody of cryptoassets, operational risks and treatment of retail customers. IOSCO aims to finalise standards by year end and expects its 130 members worldwide to use them to plug gaps in their rulebooks.

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