Stable coins such as Libra and other projects similar to it could come under existing securities market regulations say The International Organisation of Securities Commision (IOSCO).
The Spanish headquartered global securities watchdog said today that stable coins “can include features that are typical of regulated securities“
Iosco Members collectively regulate more than 95% of the worlds security markets in over 115 jurisdictions.
Ashley Adler, chairman of the Iosco board said today that their rules could apply to stablecoins depending on how they are structured.
He went on to say that stable coins would be subject to significant international and public scrutiny so that the risks relating to stable coins can be identified, mitigated and the potential benefits realised.
Uncle Bob is veteran of the crypto game. None of what is written should be taken as financial advice and before investing everyone should do their own due diligence.
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