GBBC Digital Finance joins international securities organization as an affiliate member

GBBC Digital Finance announced Feb. 16 that it has joined the International Organization of Securities Commissions (IOSCO) arsenic an affiliate member. The IOSCO is an planetary relation that develops and promotes planetary standards for securities. 

IOSCO members see 35 nationalist securities regulators and implicit 200 affiliated organizations. In addition, the IOSCO has an Affiliate Members Consultative Committee, which GBBC Digital Finance has joined arsenic its 70th member. The committee provides input connected IOSCO argumentation and standards. Committee members besides signifier groups that clasp yearly trainings connected securities-related issues.

The IOSCO released a Crypto-Asset Roadmap successful July. GBBC Digital Finance Chair Lawrence Wintermeyer said successful a statement:

"We volition enactment with IOSCO to champion prosecute our members successful 2023 successful providing immoderate assistance we tin to the 2 IOSCO Crypto-Asset Roadmap moving groups, Crypto and Digital Assets (CDA) and Decentralised Finance (DeFi)."

The IOSCO released a insubstantial connected DeFi successful March that highlighted respective risks it saw successful the technology. Also successful July, the IOSCO teamed up with the Bank for International Settlements to contented guidance on stablecoins.

Related: IOSCO demands tighter scrutiny implicit 'finfluencers'

The Global Blockchain Business Council (GBBC) is simply a planetary manufacture relation for the blockchain exertion ecosystem that engages successful acquisition efforts and has maintained a presence astatine the World Economic Forum. It merged with Global Digital Finance, a marketplace standards relation for the adoption of cryptocurrencies and integer assets, successful May 2022 to signifier GBBC Digital Finance.

— GBBC Digital Finance (@GlobalDigitalFi) February 16, 2023

At the clip of the merger, the caller enactment had 500 organization members and 178 ambassadors operating crossed 95 jurisdictions. GBBC Digital Finance CEO Emma Joyce said successful the connection connected Feb. 16, “Our precedence astatine GDF successful 2023 is engagement with regulators and argumentation makers and jointly examining however we mightiness conception a DeFI acquisition and engagement platform.”