After the bankruptcy of one of the main cryptocurrency exchanges FTX, banking and stock exchange authorities around the world have called for the regulation of this sector. Many platforms such as FTX escape any control by registering in tax havens, the Bahamas in this case for FTX.
The regulatory framework unveiled by IOSCO includes eighteen measures that are under consideration and should be finalized by the end of the year. They cover in particular the management of conflicts of interest, cross-border regulatory cooperation, operational risks and client protection.