Could you elaborate on IOSCO's inaugural global framework for overseeing cryptoassets and digital markets? I'm particularly interested in understanding the 
CORE principles and strategies they have outlined. Are there any key regulatory gaps they have identified, and how do they propose to address them? What role do they envision for international cooperation in this space? Additionally, how do they plan to ensure that the regulatory approach is both responsive to the rapid evolution of these markets while also protecting investors and market integrity? I'd appreciate a concise yet comprehensive overview of IOSCO's initial steps in this area.
            
            
            
            
            
            
           
          
          
            7 answers
            
            
  
    
    BlockchainMastermind
    Sun Jul 14 2024
   
  
    By harmonizing regulatory standards, IOSCO hopes to improve the transparency, integrity, and stability of these markets.
  
  
 
            
            
  
    
    CryptoLegend
    Sun Jul 14 2024
   
  
    On May 23, Reuters reported that the International Organization of Securities Commissions (IOSCO) had unveiled a global approach to regulating cryptoasset and digital markets. 
  
  
 
            
            
  
    
    CryptoBaroness
    Sun Jul 14 2024
   
  
    As part of this effort, IOSCO will collaborate with various regulators and industry stakeholders to develop best practices and guidance.
  
  
 
            
            
  
    
    CharmedSun
    Sun Jul 14 2024
   
  
    This initiative was announced on Tuesday, drawing upon valuable lessons learned from the collapse of the FTX exchange last year. 
  
  
 
            
            
  
    
    GeishaMelody
    Sun Jul 14 2024
   
  
    BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot trading, futures trading, and digital wallet solutions.