As the effects of the FTX collapse continue to haunt regulators, IOSCO has joined other jurisdictions in calling for regulating digital assets, as seen in its newly published set of draft rules.
The IOSCO will raise control on digital currencies and related activities while “addressing the pre-identified vulnerabilities in the non-bank financial intermediation sector.”
The IOSCO sees the use of influencers to market projects as a major threat, with the report noting that these “finfluencers” can wield a great degree of control for new investors in the space.
