The International Organization of Securities Commissions (IOSCO) has said it plans to develop regulatory standards for digital assets by the end of 2023. In particular, the plans are contained in the organization’s roadmap.
The fintech task force, which was created in March and is chaired by a representative of the MAS, will be in charge of the task.
Within the group, two separate committees will be formed, which will be chaired by the SEC and the FCA. They will present reports with recommendations on DeFi and cryptocurrencies.
Participants will focus on market integrity and investor protection issues and suggest ways to adapt existing securities regulatory frameworks to digital assets.