Posted inNews

GBBC Digital Finance joins international securities organization as an affiliate member

February 16, 2023No Comments


GBBC Digital Finance announced on February 16 that it has joined the International Organization of Securities Commissions (IOSCO) as an affiliate member. IOSCO is an international association that develops and promotes international standards for values.

IOSCO members include 35 national securities regulators and more than 200 affiliated organizations. In addition, IOSCO has an Affiliate Member Advisory Committee, which GBBC Digital Finance has joined as its 70th member. The committee provides input on IOSCO policy and standards. Committee members also form groups that conduct annual trainings on securities-related topics.

the IOSCO released a crypto asset roadmap in July. GBBC Chairman of Digital Finance Lawrence Wintermeyer saying in a sentence:

"We will work with IOSCO to better engage our members in 2023 to provide any assistance we can to IOSCO's two crypto asset roadmap working groups, Crypto & Digital Assets (CDA) and Decentralized Finance (DeFi)."

the IOSCO published a document on DeFi in March that he highlighted several risks he saw in the technology. Also in July, IOSCO partnered with the Bank for International Settlements issue guidance on stablecoins

Related: IOSCO demands stricter scrutiny on 'finfluencers'

The Global Blockchain Business Council (GBBC) is a global industry association for the blockchain technology ecosystem that engages in educational efforts and has maintained a presence at the World Economic Forum. Merged with Global Digital Finance, a market standards association for cryptocurrency and digital asset adoption, in May 2022 to form GBBC Digital Finance.

At the time of the merger, the new organization had 500 institutional members and 178 ambassadors operating in 95 jurisdictions. GBBC Digital Finance CEO Emma Joyce said in the February 16 statement: "Our priority at GDF in 2023 is engagement with regulators and policymakers and joint examination of how we might build a DeFI education and engagement platform".