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IOSCO Announced Certain Stablecoins Could Be Treated As Potential Securities
Summary: International securities regulator International Organization of Securities Commission (IOSCO) stated in an announcement that some versions of stablecoin are in fact securities. According to a statement released on Nov. 4, IOSCO announced that in a board meeting they discussed stablecoins and the potential use of security market regulations on them. IOSCO has been studying stablecoins ...
International securities regulator International Organization of Securities Commission (IOSCO) stated in an announcement that some versions of stablecoin are in fact securities.
According to a statement released on Nov. 4, IOSCO announced that in a board meeting they discussed stablecoins and the potential use of security market regulations on them. IOSCO has been studying stablecoins for years and while they found many positives, there is still cause to worry about consumer protection, market integrity, transparency, conflicts of interest, financial crime and potential systemic risk.
Some stablecoins have been found by the IOSCO to have structures similar to regulated securities, which means they can be governed as securities, according to IOSCO chair Ashley Adder.
By Ramsey Baker
Tags: IOSCO,securities,Stablecoins
Link: IOSCO Announced Certain Stablecoins Could Be Treated As Potential Securities [Copy]
