Crypto facing tougher regulation – watchdog ...News

Russia Today - Economy
Crypto facing tougher regulation – watchdog
source : Russia Today ( News ) () 43
The FTX platform’s bankruptcy has underscored the need for stricter oversight, according to IOSCO The crash of the FTX exchange has made regulating the cryptocurrency industry a more urgent matter, according to the new chair of the global securities watchdog IOSCO. Jean-Paul Servais told Reuters that targeting such ‘conglomerate’ platforms will be the focus for 2023. In an interview with the news agency, he said regulating crypto platforms could draw on principles from other sectors which handle conflicts of interest, such as at credit rating agencies and compilers of market benchmarks, without having to start fro

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