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The Cardano Foundation has responded to IOSCO’s policy recommendation for crypto, suggesting new policies that will contribute to the industry’s growth.&nbsp;&nbsp; 
The Cardano Foundation said it recently responded to the policy recommendation by the International Organization of Securities Commissions (IOSCO) for the crypto and digital asset markets.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/IOSCOPress?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@IOSCOPress</a> 
 Here’s a short thread that summarizes our response. 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> 1/6 
 <a href="https://twitter.com/Cardano_CF/status/1689933988696121344?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 11, 2023</a> 
</blockquote> 
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<h2 id="span-data-preserver-spaces-true-cardano-foundation-s-response-span">Cardano Foundation’s Response&nbsp; </h2> 
Notably, the Cardano Foundation summarized its response to IOSCO in a tweet today. The organization recommended that the relevant authorities establish policies differentiating blockchain infrastructure and its various applications.&nbsp; 
Interestingly, the Cardano Foundation supported the IOSCO report’s activity-based approach. However, it added that a function-focused categorization would help improve clarity for crypto stakeholders.&nbsp; 
Furthermore, the Cardano Foundation declared support for functional and outcome-driven rules, adding that overly prescriptive rules are quickly outdated due to the fast-paced innovation of the blockchain industry.&nbsp; 
Per the organization, there is a need for a flexible, risk-based framework that reduces risks in a commensurate manner.&nbsp; 
<h2 id="span-data-preserver-spaces-true-blockchain-opportunities-transcend-financial-use-cases-span">Blockchain Opportunities Transcend Financial Use Cases </h2> 
Lastly, the Cardano Foundation agreed with IOSCO’s recommendation of “same activity, same risk, same outcome” principle. However, the organization said emerging technology is usually seen through financial activities’ “risk” lens.&nbsp; ... 
<a href="https://thecryptobasic.com/2023/08/11/cardano-foundation-suggests-new-policy-recommendation-for-crypto/" rel="noopener noreferrer nofollow">Read more</a>

Cardano Foundation Suggests New Policy Recommendation For Crypto

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