IOSCO Announcement on DeFi Regulatory Recommendations: Verification of Protocol Operators’ Identities is Required
The International Organization of Securities Commissions (IOSCO) recently released regulatory recommendations regarding DeFi. The organization stated that regulatory authorities should strive to identify the responsible individuals or entities behind each protocol on the blockchain. They must also prevent conflicts of interest and market manipulation in the DeFi space. It is crucial for countries to maintain information sharing and ensure consistency with securities market regulatory approaches.
