DeFi Under Scrutiny: IOSCO Steps into Regulatory Role
The International Organization of Securities Commissions (IOSCO) has released guidelines concerning the regulatory approach to the decentralized finance (DeFi) industry.
On this page
The International Organization of Securities Commissions (IOSCO) has released guidelines concerning the regulatory approach to the decentralized finance (DeFi) industry.
IOSCO points out that numerous global standards and normative frameworks are applicable to the operations within DeFi, as well as the entities and mechanisms that govern them. Should these rules prove inadequate, modifications are recommended.
The international regulator maintains that in the DeFi realm, those responsible include individuals who wield control or substantial influence over the financial products offered, services provided, or financial activities conducted.
Therefore, IOSCO underscores that governance via a Decentralized Autonomous Organization (DAO) does not absolve such individuals from their statutory duties and accountability.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
