2020年加密资产交易平台风险和监管报告 - 国际证券组织委员会（英文版）.pdf

1、 Issues, Risks and Regulatory Considerations Relating to Crypto-Asset Trading Platforms Final Report BOARD OF THE INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS FR02/2020 FEBRUARY 2020 ii Copies of publications are available from: The International Organization of Securities Commissions websit

2、e www.iosco.org International Organization of Securities Commissions 2020. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. iii Foreword On May 28, 2019, the Board of the International Organization of Securities Commissions (IOSCO) published a Consul

3、tation Report, Issues, Risks and Regulatory Considerations Relating to Crypto-Asset Trading Platforms (Consultation Report), and encouraged the public to comment on the identified issues, risks, key considerations and related toolkits by July 29, 2019. In response to the request for comments, twenty

4、-eight comment letters were received and were carefully considered by IOSCO in the preparation of this Final Report, Issues, Risks and Regulatory Considerations Relating to Crypto-Asset Trading Platforms (Final Report). Annex C describes and addresses the major comments. iv Contents Chapter Page 1.

5、Executive summary 1 2. Introduction 3 3. Regulatory Approaches to Crypto-Asset Trading Platforms 6 4. Key Considerations 10 5. Cross Border Information Sharing 26 6. Conclusion 28 Annex A 29 Annex B 37 Annex C 45 1 Chapter 1 - Executive Summary The emergence of crypto-assets is an important area of

6、interest for regulatory authorities, including those with authority over secondary markets and the trading platforms that facilitate the secondary trading of crypto-assets (Crypto-asset Trading Platforms or CTPs). The aim of this Final Report is to assist IOSCO members in evaluating the issues and r