Golden Finance reported that the International Financial Planning Standards Board (FPSB) had previously invited financial planners (CFPCM) from 13 countries to participate in a survey of crypto assets (Crypto Assets) and made summaries and recommendations. At the same time, it proposed three aspects on crypto assets. Big regulatory priorities: 1. Classification of products into simple and complex, 2. Crypto-asset marketing and sales, 3. Social media influencers (such as KOL) or financial industry influencers (Fin-fluencers).
In addition, the International Financial Planning Standards Committee also raised six major questions to the International Organization of Securities Commissions (IOSCO):
1. The rise of digital trading platforms provides customers with better channels, but it also brings potential damage. For example, gamification may conceal the true investment fundamentals and risks.
2. Social media has become an important source of influence. Basically, most of them are unregulated forums or platforms, and they are more likely to be defrauded and defrauded due to their personalization and high penetration rate.
3. The industry calls for regulation of social media influencers to ensure a level playing field for all those providing financial advice.
4. The speed of innovation is faster than usual, and the regulatory gap is also rapidly widening, forcing retail investors to face it alone.
5. Crypto-assets must be regulated to ensure that qualified professionals are licensed and trained.
6. It is necessary to clearly define "complex" products to facilitate more effective supervision and provide opinions and guidance for "complex" products, especially those that are cross-border.