European Securities and Markets Authority Urges Caution With Blockchain Tech
Distributed ledger technology (DLT) and blockchains have caught the attention of many sectors, particularly the finance industry, due to their potential to improve monetary processes and reduce costs. And yet, while an increasing number of industries are undertaking various experiments to understand the benefits that DLT can provide, a new report from....
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The European Union financial regulatory agency, European Securities and Markets Authority (ESMA), has predicted that an increased use of distributed ledgers — including the blockchain — could improve the verification of clearinghouse and other transactions. ESMA Experiments with the Blockchain. ESMA launched a consultation team to investigate the matter....
The European Union is having it’s financial regulatory agency, European Securities and Markets Authority (ESMA), has predicted that an increased use of distributed ledgers — including the blockchain — could improve the verification of clearinghouse and other transactions. ESMA Experiments with the Blockchain. ESMA launched a consultation team to....
Comment added from Dr Timo Schlaefer, co-founder and CEO of Crypto Facilities, a bitcoin derivatives trading platform. The EU's securities watchdog has issued a call for evidence to ascertain if and when blockchain technology can "enter the financial mainstream". The European Securities and Markets Authority (ESMA), which oversees securities markets in the region, has spent six months monitoring investment in the bitcoin sector. Now the regulator is seeking feedback from industry stakeholders on how the technology underlying cryptocurrencies can be used to "issue, buy and sell and record....
Blockchain technology has expanded rapidly in financial markets in the last year, drawing concern among financial regulators. The European Securities and Markets Authority (ESMA), an independent European Union authority, has released a paper on distributed ledger technology (DLT) as it applies to securities markets, including the possible benefits and challenges. ESMA believes DLT is expanding in the securities market, posing new opportunities and risks. In response, the Coin Center, a non-profit research and advocacy organization that monitors public policy issues facing decentralized....