The International Organization of Securities Commissions (IOSCO) has issued guidelines requiring regulatory authorities in various countries to strengthen regulatory standards for the crypto industry after a series of crypto industry crises, especially the FTX incident. The plan includes an 18-point plan covering areas such as conflicts of interest, disclosure rules and governance, requiring global regulators to effectively deal with relevant business issues based on conflicts of interest.
At the same time, Iosco Secretary General Martin Moloney said that Iosco does not have the power to force regulators to adopt these rules, but is "confident" that these proposals will be implemented by Iosco members. Currently, Iosco spans 130 countries and covers 95% of the global financial market. (Planet Daily)