GBBC Digital Finance Joins IOSCO to Shape Blockchain Regulations

02/17/2023 22:55 • Crypto & Markets • 126 views

It is reported that GBBC Digital Finance, the blockchain industry association, has joined the International Organization of Securities Commissions (IOSCO), which is an international institution that brings together global securities regulators and is recognized as the global standard-setter of the securities industry. IOSCO formulates, implements and promotes compliance with internationally recognized securities regulatory standards. It works closely with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda. As a digital asset industry association, GBBC Digital Finance aims to involve regulators and inform the world’s major regulators how to formulate policies.

Blockchain Industry Association GBBC Digital Finance joined the International Organization of Securities Commissions (IOSCO)

Interpretation of the news:

GBBC Digital Finance has recently joined the International Organization of Securities Commissions (IOSCO), an international institution that brings together global securities regulators, in a bid to shape and inform blockchain regulations worldwide. With IOSCO recognized as the global standard-setter of the securities industry, the move is a significant step towards the digital asset industry’s credibility and reputation worldwide.

As a blockchain industry association, GBBC Digital Finance aims to be a bridge between the digital asset industry and regulators, providing insights into blockchain and digital asset technology for policy formulation. The association has a track record of working with leading global policymakers and organizations to promote regulatory compliance and accelerate the adoption of blockchain technology worldwide.

By joining IOSCO, GBBC Digital Finance gains access to leading securities regulators globally, allowing it to share its expertise in blockchain technology, digital assets, and decentralized finance (DeFi). In turn, the association will benefit from IOSCO’s guidance on securities regulations, enabling it to better navigate an ever-changing regulatory landscape.

Overall, the move is a significant step towards shaping the future of digital asset regulation globally. With blockchain technology and digital assets continuing to grow in popularity and acceptance, it is crucial that policymakers and regulators adopt a proactive approach to regulating the industry, one that provides clear guidance while at the same time enabling innovation.

The GBBC Digital Finance-IOSCO partnership is also a testament to the growing recognition and acceptance of blockchain technology worldwide. As digital assets and DeFi become mainstream, associations like GBBC Digital Finance will play a central role in educating policymakers and regulators on the potential of this technology and the need to adopt a balanced and forward-thinking regulatory framework.

In conclusion, GBBC Digital Finance’s membership in IOSCO is a positive move towards shaping blockchain regulations globally. By working with leading securities regulators worldwide, the association can provide valuable insights into blockchain technology, helping to accelerate the adoption of digital assets while ensuring regulatory compliance.

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