IOSCO Calls for Governments to Regulate Decentralized Finance Applications


This article has been republished with permission from Binance News.

According to Foresight News, the International Organization of Securities Commissions (IOSCO) stated in a report released on Thursday that governments should determine who is responsible for so-called decentralized finance applications and regulate them like normal financial market participants.

IOSCO’s members include institutions such as the US Securities and Exchange Commission and the UK Financial Conduct Authority. They are concerned that innovative financial applications could be easily manipulated, harming investors and markets, and worry that no one is in control of DeFi and assumes legal obligations.

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