IOSCO Releases DeFi Policy Recommendations

The International Organization of Securities Commissions (IOSCO) has introduced a set of policy recommendations for the decentralized finance (DeFi) sector. These recommendations aim to promote regulatory consistency worldwide. While some community members fear these guidelines could harm DeFi, others see no existential threat. Complementing this, the People's Bank of China (PBoC) has called for global joint efforts to regulate DeFi, emphasizing the need in its financial stability report. This dual development indicates a significant shift towards more structured regulatory approaches in the DeFi space on both international and national levels.

_{Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.}