GBBC Digital Finance joins the International Organisation of Securities Commissions
The International Organisation of Securities Commissions consists of 35 national securities regulators and more than 200 affiliated organisations
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On February 16, GBBC Digital Finance declared that it became an affiliate member of the International Organisation of Securities Commissions (IOSCO), which is a global organisation that creates and advocates for global securities standards.
IOSCO consists of 35 national securities regulators and more than 200 affiliated organisations.
GBBC Digital Finance has joined the Affiliate Members Consultative Committee, which is the 70th member of the committee. This committee contributes to IOSCO policy and standards development. Its members also create groups that conduct yearly training sessions on matters related to securities.
In July, IOSCO issued the "Crypto-Asset Roadmap”. Lawrence Wintermeyer, the chairman of GBBC Digital Finance, stated that they would collaborate with IOSCO to support the Crypto and Digital Assets (CDA) and Decentralised Finance (DeFi) working groups. They intend to engage their members in 2023 to provide aid to these working groups as needed.
In March, IOSCO published a document on DeFi, which identified a variety of potential hazards in the technology. Furthermore, in July, the organisation collaborated with the Bank for International Settlements to provide recommendations on stablecoins.
