IMPORTANT: The full content of this page is available to premium users only.
On February 16, 2023, GBBC Digital Finance (GDF), the largest digital asset industry association, announced they are becoming an Affiliate Member of the International Organization of Securities Commission (IOSCO). In their press release, GDF announced their intention for “engagement with regulators and policy makers and jointly examining how we might construct a DeFi (Decentralized finance) education and engagement platform.”[1] GDF is signing on with IOSCO to assist in IOSCO’s 2022-2023 Crypto-Asset Roadmap published on July 7, 2022. This roadmap outlines an investigative phase of various cryptocurrency markets with the aim of finding regulatory gaps and areas of concern within the industry. The plan requires the assistance of major national regulating bodies and private entities to share data and expertise for developing a fruitful regulatory framework in the future.
[1] Press Release, GDF IOSCO Membership, GDF.IO, February 16, 2023 https://www.gdf.io/wp-content/uploads/2023/02/GDF-joins-IOSCO-Press-Release-Final.pdf