Blockchain Industry Association GBBC Digital Finance joined the International Organization of Securities Commissions (IOSCO)

It is reported that GBBC Digital Finance, the blockchain industry association, has joined the International Organization of Securities Commissions (IOSCO), which is an international institution that brings together global securities regulators and is recognized as the global standard-setter of the securities industry. IOSCO formulates, implements and promotes compliance with internationally recognized securities regulatory standards. It works closely with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda. As a digital asset industry association, GBBC Digital Finance aims to involve regulators and inform the world’s major regulators how to formulate policies.

Interpretation of this information:

GBBC Digital Finance has recently joined the International Organization of Securities Commissions (IOSCO), a global institution that brings together global securities regulators and is recognized as the standards setter of the securities industry. This move is significant for the blockchain industry association, as it strengthens their position in the global regulatory reform agenda. By joining IOSCO, GBBC Digital Finance aims to involve regulators and educate them on how to formulate policies that are relevant to the digital asset industry.

IOSCO is a key institution in the world of securities regulation, and its recognition is essential to influence global policymakers. The organization formulates, implements, and promotes compliance with internationally recognized regulatory standards, working closely with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda. With GBBC Digital Finance’s membership, regulators now have a direct connection to the blockchain industry association, allowing for a more effective regulatory approach towards digital assets.

GBBC Digital Finance’s primary objective is to promote the adoption of blockchain technology and boost the growth of the digital asset industry worldwide. By joining IOSCO, the association can contribute to the dialogue on regulatory developments and provide expert insights concerning the blockchain industry. This move also allows GBBC Digital Finance to take a proactive approach in ensuring that the blockchain industry adheres to the best regulatory standards, which is essential to build trust among stakeholders and attract investment.

In conclusion, GBBC Digital Finance’s membership in IOSCO is a significant milestone for the blockchain industry as it strengthens the industry’s credibility and visibility to global policymakers. By joining the organization, GBBC Digital Finance aims to provide input on regulatory developments, offer expert insights on the blockchain industry, and ensure adherence to the best regulatory standards. The move is a considerable step forward for the blockchain industry as it facilitates a regulatory framework that’s both beneficial to stakeholders and promotes innovation.