Assessing the Implementation of IOSCO Recommendations for Crypto and Digital Asset Markets (IOSCO)
IOSCO published a review that assesses the progress made by 20 jurisdictions in implementing key policy recommendations for the regulation and oversight of crypto and digital asset markets, with a focus on investor protection and market integrity. IOSCO finds significant steps toward developing regulatory frameworks, noting that most jurisdictions have either adapted existing laws or introduced new rules for crypto-asset service providers (CASPs), especially around governance, disclosure of conflicts, fraud prevention, custody of assets, and cross-border cooperation. While there has been encouraging momentum, notable challenges persist: regulatory approaches and coverage vary widely, particularly for new business models (like staking and lending), and cross-border cooperation is developing but remains limited. The report emphasizes the need for ongoing reforms, proactive monitoring of emerging risks, and enhancements to information-sharing mechanisms to address the sector’s fast evolution and support global regulatory consistency. IOSCO calls for jurisdictions to fully implement all 18 recommendations, highlighting the importance of robust frameworks as crypto and stablecoin activity grows, and urges international collaboration to mitigate risks, regulatory arbitrage, and market instability. [Source: IOSCO]
Upcoming Speaking Engagements:
Stablecoin C-Suite Summit (New York City on November 14-15) will be the definitive conference for exploring the future of digital money and intelligent payments. The event brings together founders, C-level executives, investors, policymakers, and developers for two immersive days of talks, panels, and networking. This be the place to be if you’re building, backing, or regulating the next wave of programmable finance. [Register here]
The Digital Euro Conference 2026 (Frankfurt, March 26) will explore the future of money with a focus on CBDCs, stablecoins, and commercial bank tokens. This hybrid event offers the perfect platform to understand the future of digital money! When you register, get 20% off the regular ticket price by using the Kiffmeister20 code! [register here]
I produce a monthly digest of digital fiat currency (DFC) developments exclusively for the official sector (e.g., central banks, ministries of finance and international financial institution (e.g., the BIS, IMF, OECD, World Bank)) plus academics and firms that are active in the DFC space (commercial banks, technology providers, consultants, etc.). (DFCs include central bank digital currency (CBDC), stablecoins and tokenized deposits.) It goes out via email on the first business day of every month, and if you’re interested in being on the mailing list, please email me at john@kiffmeister.com.
