IOSCO/MR/05/2020
Madrid, 23 March 2020
The Board of the International Organization of Securities Commissions today published a report identifying the possible implications of global stablecoin initiatives for securities markets regulators.
The report entitled Global Stablecoin Initiatives (hereinafter “the Report”) examines the regulatory issues arising from the use of global stablecoins and explores how existing IOSCO Principles and Standards could apply to these arrangements. IOSCO´s Fintech Network prepared the Report as part of an effort to evaluate global stablecoin proposals from a securities market regulator´s perspective.
The Report finds that, depending on its structure, a global stablecoin may fall within securities market regulatory frameworks. Whether IOSCO Principles and Standards are relevant to stablecoins depends on the specific design of each initiative and its legal and regulatory characteristics and features.
Article source: https://www.iosco.org/news/pdf/IOSCONEWS558.pdf