The International Organization of Securities Commissions (Iosco), an international body that oversees securities regulation, recently issued a statement urging faster action on regulating the crypto markets. The organization called for greater governance and oversight of the crypto industry, citing concerns about investor protection and market integrity.

The statement comes as the crypto industry continues to grow and evolve at a rapid pace, with new products, services, and platforms entering the market on a regular basis. While this growth has brought many benefits, it has also created significant challenges for regulators, who are struggling to keep up with the pace of innovation.

Iosco's statement is an important reminder of the need for effective regulation and governance in the crypto industry, particularly as more and more investors enter the space. To date, there has been a lack of clarity around how cryptocurrencies should be regulated, which has led to a patchwork of inconsistent policies and regulations around the world.

Moving forward, it will be important for regulators to work together to develop coordinated policies and guidelines that can help ensure the safety and stability of the crypto markets.