The International Organization of Securities Commissions (IOSCO) has recommended that cryptocurrencies should be treated like traditional financial assets such as stocks and bonds. This is part of 18 core recommendations for countries to develop or adapt regulatory policies for the crypto industry.
IOSCO's standards cover dealing with conflicts of interest, market manipulation, cross-border regulatory cooperation, crypto-asset custody, operational risks, and technological risks. The watchdog also commented on the rights owed to retail investors, including access, suitability, and distribution.
However, this stance contradicts the UK's politicians who have called for crypto trading to be regulated like high-risk industries such as gambling.