The International Organization of Securities Commissions (IOSCO), the global securities watchdog, has called for regulators to take faster and bolder actions to tame cryptocurrency markets and to address conflicts of interest within companies.

IOSCO’s response comes after the recent crypto turmoil

In response to a series of industry incidents, particularly the recent turmoil surrounding the crypto exchange FTX, IOSCO published a set of guidelines on Tuesday. The 18-point plan outlines measures for authorities to strengthen their standards and address potential risks associated with conflicts of interest, disclosure rules, and governance within the cryptocurrency sector.

These guidelines serve as a proactive effort to mitigate the challenges arising from the growing complexity and risks inherent in the industry.