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Global Regulators Consider Establishing a Joint Body to Regulate Crypto

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Global market regulators are likely to form a joint body next year to better regulate cryptocurrency regulations, said an executive from the International Organization of Securities Commissions (IOSCO). ) said.

This week, top executives at the International Organization of Securities Commissions (IOSCO) discussed cryptocurrency regulation.

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Its members regulate more than 95% of the world's stock markets in more than 130 countries and territories.

Emphasizing the need for a common organization to regulate cryptocurrency regulations, IOSCO President Ashley Alder said global market regulators are likely to set up a joint body next year to regulate them. better regulate cryptocurrency regulations.

Referring to the explosion of digital currencies, including bitcoin, the president of IOSCO said cryptocurrency “was on the agenda” and become one of the three main areas that the authorities are interested in.

She noted that there are many crypto-related risks that need to be addressed, including cybersecurity, operational resilience, and a lack of transparency in the crypto ecosystem.

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