GBBC Digital Finance Becomes Affiliate Member Of IOSCO

GBBC Digital Finance stated on February 16 that it became an affiliate member of the International Organization of Securities Commissions (IOSCO). The IOSCO is a global organisation that creates and promotes international securities standards.

IOSCO’s membership includes approximately 200 linked organisations and 35 national securities authorities. In addition, GBBC Digital Finance has joined IOSCO’s Affiliate Members Consultative Committee as its 70th member. The group advises on IOSCO’s standards and policies, and the committee conducts yearly training on securities-related matters.

In July, IOSCO published its “Crypto-Asset Roadmap.” Lawrence Wintermeyer, chairman of GBBC Digital Finance, stated:

“We will work with IOSCO to best engage our members in 2023 in providing any assistance we can to the two IOSCO Crypto-Asset Roadmap working groups, Crypto and Digital Assets (CDA) and Decentralised Finance (DeFi).”

In March, the IOSCO published a report on DeFi that identified many hazards associated with the technology. IOSCO and the Bank for International Settlements collaborated in July to guide on stablecoins.

The Global Blockchain Business Council (GBBC) is a worldwide trade group for the blockchain technology ecosystem that participates in educational initiatives and maintains a representation at the World Economic Forum. In May 2022, the organisation combined with Global Digital Finance, a market standards association for using cryptocurrencies and digital assets, to create GBBC Digital Finance.

We’re very proud to announce that GBBC Digital Finance has joined the International Organization of Securities Commissions (IOSCO) as an Affiliate Member.

Read our full press release here: https://t.co/KxOI1EJW9y pic.twitter.com/G8DrVBMUrj

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

The united organisation had 500 institutional members and 178 ambassadors functioning in 95 countries at the time of the merger. In a statement released on February 16, GBBC Digital Finance CEO Emma Joyce said, “Our priority at GDF in 2023 is engagement with regulators and policymakers and jointly examining how we might construct a DeFI education and engagement platform.”