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In a public comment on International Organization of Securities Commissions IOSCO)’s Consultation Paper regarding CTP’s, by Lex Futurus Group highlighted the following issues:
- Omission of Decentralised Exchange (DEX) in “Issues, Risks and Regulatory Considerations” regarding “Crypto-Asset Trading Platforms (CTPs)”
- The neccesity for disambiguation of the ambigous term “Crypto-Asset Trading Platforms (CTPs)
The comment further talked about the ambiguity of terms used in the crypto space and how it should be clearly defined to “reduce risks inherent in the crypto-asset market” on the CTPs; how International Organization of Securities Commissions (IOSCO) can “help with attendant technical issues that ensue in the process, even as it monitors cross-border crypto-asset investments and transactions as the growth potential continues for crypto-assets as capital market investment products and services and CTPs as the embryonic and fast-evolving modern securities market settlement system.”