EU Securities Watchdog Calls for Information on Blockchain Tech
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....
Related News
Australia's top securities watchdog is looking to boost its engagement with companies working with blockchain by publishing new materials related to the tech. The Australian Securities and Investments Commission (ASIC) published an "information sheet" today that offers a way for businesses and startups to assess whether their uses of distributed ledgers would bring them under the agency's jurisdiction. Information Sheet 219's purpose, according to ASIC, is to spark additional dialogue between regulators and the private sector, in a bid to "fast track any discussions those....
The European Securities and Markets Authority (ESMA), a securities trade watchdog based in the EU, has released a new discussion paper on blockchains and distributed ledgers as part of a fact-finding effort aimed at developing policy positions on the technologies. The paper, published today, comes more than a year after the organization first issued a call for information on the technology. ESMA has also hosted its own events, as well as participated in others focused on the use of blockchain applications in finance. ESMA’s fact-finding mission itself grew out of an effort to investigate....
It’s too early to predict the full regulatory impact of distributed ledger technology (DLT), a representative of Europe's securities watchdog argued this week. Patrick Armstrong, a senior risk analysis officer for the European Securities and Markets Authority (ESMA), made the comments during a speech at a securities industry event in Oslo on 23rd January. In his remarks, Armstrong touched upon a number of the factors changing securities trading in Europe, including distributed ledgers. Notably, he indicated it is not yet possible to say which regulations might need to change due to the....
The new directive of the Brazilian securities watchdog, the CVM, is now demanding specific changes to the cryptocurrency bill pending discussion in Congress. The organization wants to correct a loophole in the current document in which some tokens would not be considered securities, including tokenized physical goods and carbon credits.
Brazilian CVM Presses for Changes in Current Cryptocurrency Bill
The Brazilian securities watchdog, the CVM, is pressing for changes in the cryptocurrency bill that will clarify how virtual assets will be treated in the country. The new directive....
Europe's chief securities regulator said today that new regulations for blockchain would be "premature" at this stage. The European Securities and Markets Authority (ESMA) published a new report this morning, outlining the results of its year-and-a-half-long research process into the tech. The agency first began soliciting comments about possible new rules in April 2015, releasing its preliminary research outcomes in June. While leaving the door open to future regulations – pending broader adoption by the market it regulates – ESMA said that, for now, it’s sticking with a....