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International Securities Regulator IOSCO to Focus on Global DeFi, Crypto Rules
In its first two years, the global standard-setter's new fintech task force will concentrate on setting up policy recommendations for digital assets.
Updated May 11, 2023, 6:24 p.m. Published Jul 11, 2022, 1:00 p.m.
The International Organization of Securities Commissions (IOSCO), an association of securities regulators from around the world, is developing policy recommendations for crypto, according to a road map published Friday.
- The IOSCO's fintech task force, set up in March, will prioritize policy-focused work relating to crypto assets for the next 12 months to 24 months, according to the document.
- Two working groups – one headed by the U.S. Securities and Exchange Commission and the other by the U.K. Financial Conduct Authority – have agreed to publish reports with recommendations for decentralized finance (DeFi) and crypto assets respectively by the end of 2023.
- Financial regulators around the world are scrambling to set up comprehensive rules for the crypto industry after markets collapsed earlier this year, wiping out a number of high-profile companies and billions of dollars from the industry.
- IOSCO members regulate securities markets in about 130 jurisdictions. The fintech task force includes 27 of the 33 board member jurisdictions and is chaired by the Monetary Authority of Singapore.
- Both working groups will focus on issues relating to market integrity and investor protection, and provide guidance on how existing regulatory frameworks for securities could be applied to digital assets.
Read more: Global Financial Watchdog FSB to Propose Crypto Regulations in October
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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40% of Canadian Crypto Users Flagged for Tax Evasion Risk, Canadian Tax Authority Reveals
Canada’s tax agency says legal gaps limit its ability to track crypto-related income as it recovers $100 million through audits and pushes for tighter regulation.
What to know:
- The Canadian Revenue Agency reports that 40% of crypto platform users are evading taxes or are at high risk of non-compliance.
- CRA's cryptoasset program has 35 auditors working on over 230 files, resulting in $100 million in taxes collected over three years.
- New legislation to combat financial crimes, including crypto tax evasion, is expected by Spring 2026, as announced by the Minister of Finance.
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