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GBBC Digital Finance Joins IOSCO to Promote Global Regulatory Standards

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It is reported that GBBC Digital Finance, the blockchain industry association, has joined the International Organization of Securities Commissions (IOSCO), whi…

GBBC Digital Finance Joins IOSCO to Promote Global Regulatory Standards

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)

Interpretation of the news:


In a move to promote globally recognized securities regulatory standards, GBBC Digital Finance, the blockchain industry association, has joined the International Organization of Securities Commissions (IOSCO). IOSCO is an international institution that brings together global securities regulators and is recognized as the global standard-setter for the securities industry. This development marks a significant step towards bridging the gap between regulators and the digital asset industry to improve international regulatory standards.

IOSCO works closely with several international organizations like the G20 and the Financial Stability Board (FSB) to shape the regulatory landscape of the securities industry. As a member of IOSCO, GBBC Digital Finance aims to play an active role in shaping policies to ensure a more balanced and comprehensive regulatory framework for digital assets. By leveraging its expertise in the blockchain industry, GBBC Digital Finance will be able to help IOSCO navigate the complex landscape of digital assets and provide a clearer understanding of the potential benefits and risks associated with these assets.

Moreover, joining IOSCO also provides GBBC Digital Finance with the opportunity to collaborate with other regulators and industry associations worldwide. By working with other members of IOSCO, GBBC Digital Finance can help shape the future of financial regulation and promote greater transparency and accountability in the digital asset industry.

Overall, the decision of GBBC Digital Finance to join IOSCO highlights the blockchain industry’s commitment to working collaboratively with regulators to promote responsible innovation and the development of global regulatory standards. This move is essential to ensure the industry’s legitimacy and credibility and to build trust with regulators, investors, and other market participants.

In conclusion, GBBC Digital Finance’s decision to join IOSCO is a major milestone in the advancement of digital asset regulatory standards. It signals the industry’s readiness to engage with regulators and other stakeholders and its commitment to shaping the future of financial regulation. By working collaboratively towards globally recognized standards, the blockchain industry can unlock the potential for broader participation and adoption of digital assets in the global economy.

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