The International Organization of Securities Commissions (IOSCO) has submitted for public discussion proposals to regulate the markets for cryptocurrencies and digital assets.

The supervisory body IOSCO submitted for discussion by the participants of the international association a draft of measures for global regulation of the crypto-assets market. The proposals address issues such as abuse of market dominance, conflicts of interest, exposure of client assets, information disclosure, and other potential crypto threats.

First of all offers
IOSCO aims to overcome concerns about “investor safety and the integrity of the digital asset market.” The agency hopes to complete the coordination and adopt international standards for regulating the crypto industry by the end of the year.

IOSCO brings together more than 30 national regulatory bodies, including the US Securities and Exchange Commission, the Japan Financial Services Agency, the UK Financial Supervisory Authority, and the German Federal Financial Supervisory Authority.

Earlier, the chairman of the US Securities and Exchange Commission, Gary Gensler, said that the rules for cryptocurrency companies, token issuers and cryptocurrency exchanges already exist, but market participants are fundamentally unwilling to comply with them.