GBBC Digital Finance Joins IOSCO for Global Regulatory Standards

02/17/2023 22:55 • Metaverse Matters • 151 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)

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GBBC Digital Finance, the blockchain industry association, has announced that it has joined the International Organization of Securities Commissions (IOSCO), a global institution that brings together securities regulators from around the world. The organization is recognized as the global standard-setter for the securities industry and works to develop and promote compliance with internationally recognized securities regulatory standards. This move indicates that GBBC Digital Finance is seeking to work with regulators worldwide to create responsible and effective policies for the digital asset industry.

IOSCO has a vital role in global regulatory reform, working closely with the G20 and the Financial Stability Board (FSB). Its mission is to enhance investor protection, promote fair and efficient markets, and reduce systemic risk through the formulation, implementation, and promotion of internationally recognized securities regulatory standards. By joining IOSCO, GBBC Digital Finance has an opportunity to interact with policy makers at the highest level and ensure that the emerging blockchain industry receives fair, equitable, and predictable regulatory standards all around the world.

As a digital asset industry association, GBBC Digital Finance aims to educate and engage regulators and policy makers on the benefits of blockchain technology and digital assets. It aims to promote transparency and clarity around the regulatory framework of the digital asset industry, which can only happen through active dialog with regulators, investors, and other relevant stakeholders. GBBC Digital Finance regularly organizes public events in collaboration with regulators to demonstrate how blockchain technology can be integrated into various systems, such as supply-chain management, security, and government accountability.

In conclusion, GBBC Digital Finance’s decision to join IOSCO is a significant move that highlights the importance of blockchain technology to the securities industry. It shows that regulatory clarity is essential to the growth and responsible expansion of the digital asset industry. By working with international standard-setters, GBBC Digital Finance can better ensure that the emerging blockchain industry receives fair and equitable regulatory standards all around the world.

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