The World Federation of Exchanges (WFE) recently released a paper that discussed the potential for crypto-asset trading platforms (CTPs) to play a larger role in the “real” economy and society. The WFE suggested six principles for regulating CTPs, including segregating functions to avoid trading against customers. It also encouraged the integration of distributed ledger technology (DLT) into the traditional finance exchanges it represents, and suggested that regulators consider the mutual advantages of this integration. The WFE also discussed decentralized finance (DeFi), noting that while it appears to operate differently, it is still a central entity. Finally, the WFE applauded Financial Action Task Force efforts to apply Know Your Customer regulations to crypto and endorsed the IOSCO Principles for Secondary and Other Markets to raise standards on crypto markets.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	9
People	Ethereum Foundation., Financial Action Task Force, Gary Gensler, IOSCO Principles, Know Your Customer
Companies	Financial Action Task Force, World Federation of Exchanges, IOSCO Principles for Secondary and Other Markets, United States Securities and Exchange Commission, Know Your Customer
Currencies	Euro, Bitcoin, US Dollar, Ethereum, British Pound
Securities	None