International Organization of Securities Commissions (IOSCO) has published its Crypto-Asset Roadmap for 2022-2023. Which sets out its regulatory policy agenda and work program for the sector over the next 12 to 24 months.
The IOSCO Board-level Fintech Taskforce (FTF), established in March this year; has been mandated to develop, oversee, deliver, and implement IOSCO’s regulatory agenda for Fintech and crypto-assets.
According to a statement from the IOSCO, the FTF will prioritise policy-focused work on crypto-asset markets and activities in its initial 12 to 24 months of operation. While continuing to monitor market developments associated with broader Fintech-related trends and innovation.
The FTF has set up two workstreams focusing on Crypto and Digital Assets (CDA) and Decentralised Finance (DeFi).
Each workstream is aiming to publish a report with policy recommendations by the end of 2023. While investors’ interest for crypto assets grew with the introduction of new products and markets linked to them, recent market turmoil has also resulted in significant investor losses due to inadequate regulatory protection and market safeguards.