IOSCO -the International Organisation of Securities Commissions - works with central banks, stock markets, the G7 and G20 groups of countries to set international standards to protect markets and consumers from scams and fraud. The group has 130 members, such as the powerful US Securities and Exchange Commission (SEC) and the British Financial Conduct Authority (FCA). Although the wheels move slowly, IOSCO has the backing and authority to set standards for cryptocurrency markets.