Saturday, April 18, 2020
Volume:
36
Issue:
4
Abstract:
On March 23, 2020, the International Organization of Securities Commissions (IOSCO) issued a report identifying the implications of global stablecoin initiatives for securities regulators. IOSCO is the international policy forum for securities regulators and a global standard setter for securities regulation. Global Stablecoin Initiatives (“the Report”) discusses the regulatory issues arising from the use of global stablecoins and explores how existing IOSCO Principles and Standards could apply to these arrangements.[1] The Report was prepared by IOSCO’s Fintech Network as part of an effort to evaluate global stablecoin proposals from a securities market regulator’s perspective.