GBBC Digital Finance, an industry body advocating for best practices in digital finance, announced it has become an Affiliate Member of the International Organization of Securities Commissions (IOSCO), the global standard setter for securities regulation.

According to the press release, GBBC Digital Finance will work with IOSCO to engage its members in providing assistance to the two IOSCO Crypto-Asset Roadmap working groups, Crypto and Digital Assets (CDA), and Decentralised Finance (DeFi). The organization will also prioritize engagement with regulators and policymakers and explore the construction of a DeFi education and engagement platform. Additionally, there may be opportunities for collaboration with the IOSCO regional hub on roundtables.

GBBC Digital Finance chair Lawrence Wintermeyer said in a statement:

"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)."

GBBC Digital Finance (GDF) is a non-profit organization that advocates for and accelerates the adoption of best practices for digital assets worldwide. It is a part of the Global Blockchain Business Council (GBBC), which is the largest industry association for the blockchain technology and digital assets community, with more than 500 institutional members and 231 Ambassadors across 109 jurisdictions and disciplines. GBBC is a Swiss-based non-profit that aims to further adoption of blockchain technology by bringing together regulators, business leaders, and global changemakers to foster collaboration and advance dialogue for creating more secure, equitable, and functional societies.

IOSCO has 35 national securities regulators and over 200 affiliated organizations as members. GBBC Digital Finance has joined the IOSCO Affiliate Members Consultative Committee, which provides feedback on IOSCO policies and standards and holds annual training on securities-related issues through its groups.