ZenHarmony
Wed Jul 10 2024
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6 answers
1098
Do Iosco policy recommendations legitimize crypto?
In recent years, the rise of cryptocurrencies has sparked widespread debate among regulators and policymakers. The International Organization of Securities Commissions (IOSCO) has issued a series of policy recommendations regarding the oversight of crypto assets. However, the question remains: Do these IOSCO policy recommendations truly legitimize crypto? Some argue that by providing guidance and oversight, IOSCO is effectively giving crypto a stamp of approval, legitimizing its status as a financial asset. Others contend that while the recommendations offer clarity and structure, they fall short of fully validating crypto as a legitimate financial instrument. What are the key considerations in assessing whether IOSCO's policies truly legitimize crypto? And what implications do these policies have for the future of the crypto market?
