{"id":61374,"date":"2022-05-12T18:24:47","date_gmt":"2022-05-12T15:24:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=61374"},"modified":"2025-09-05T11:47:16","modified_gmt":"2025-09-05T08:47:16","slug":"regulators-to-create-a-global-supervisory-body-for-the-bitcoin-industry","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/regulators-to-create-a-global-supervisory-body-for-the-bitcoin-industry\/","title":{"rendered":"Regulators to create a global supervisory body for the Bitcoin industry"},"content":{"rendered":"<p>Next year, global regulators are likely to establish a joint body to better co-ordinate the rollout of rules for the cryptocurrency industry, said the <span data-descr=\"International Organization of Securities Commissions\" class=\"old_tooltip\">IOSCO<\/span> chair Ashley Alder. Reuters reports.<\/p>\n<p>In his view, the boom in digital currencies, such as Bitcoin, has become one of three areas that authorities are focusing on now, alongside COVID-19 and climate change.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIf you look at the risks that need to be addressed, they are multiple. There is serious concern about [cryptocurrencies] in discussions at the institutional level,\u201d Alder said.<\/p>\n<\/blockquote>\n<p>In his view, regulators are lagging in tackling three main risks relating to digital assets: cybersecurity threats, insufficient operational resilience and lack of transparency in the industry.<\/p>\n<p>The IOSCO chair says the need for an international group to co-ordinate cryptocurrency regulation, in line with the existing frameworks for financial markets, is obvious. There is nothing like that yet, he added.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBut I believe there is an appreciation of the importance, and it has become part of the agenda. So I would expect this to happen sometime next year,\u201d Alder said.<\/p>\n<\/blockquote>\n<p>Earlier, to <a href=\"https:\/\/u1f987.com\/en\/news\/ecb-calls-for-global-regulation-of-cryptocurrencies\">coordination of global cryptocurrency regulation<\/a>, ECB Executive Board member Fabio Panetta called for.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Next year, global regulators are likely to establish a joint body to better co-ordinate the rollout of rules for the cryptocurrency industry, said IOSCO chair Ashley Alder. Reuters reports.<\/p>\n","protected":false},"author":1,"featured_media":61375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1138,36],"class_list":["post-61374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-opinions","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/61374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=61374"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/61374\/revisions"}],"predecessor-version":[{"id":61376,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/61374\/revisions\/61376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/61375"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=61374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=61374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=61374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}