The International Organization of Securities Commissions (IOSCO) has released a set of recommendations for public comment on cryptoasset regulatory policy.
The document, which has been developed by the association's experts, covers six main areas, including conflicts of interest arising from vertical integration of activities and functions; market manipulation, insider trading and fraud; cross-border risks and regulatory cooperation; storage and protection of client assets; operational and technological risks as well as suitability and appropriateness of assets for supply in retail markets.
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The recommendations are reportedly aimed primarily at protecting investors and ensuring the integrity of the markets.
Jean-Paul Servais, chairman of IOSCO, has said:
"Today’s consultation paper received unanimous support from the IOSCO Board and is the outcome of an intense period of regulatory risk analysis, information sharing and capacity building."
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IOSCO expects the final version of the paper to become the basis for the development of uniform cross-border rules for the crypto sector.
The document will be open for public comment until July 31.