ESMA Director: Blockchain Could Enhance Securities Trading Process
The executive director of the European Securities and Markets Authority (ESMA), the European Union’s top securities watchdog, has said that the agency believes blockchain technology could enhance the post-trade process. ESMA has spent more than a year investigating the impact of digital currencies like bitcoin on the investment landscape in the EU, and in April issued a call for more information on the technology in a bid to assess how it could affect the securities trade lifecycle. Executive director Verena Ross spoke earlier this month at an event in the United Kingdom organized by the....
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The European Securities and Markets Authority (ESMA) is gearing up to implement stricter oversight in regards to crypto-related transactions. The agency is now looking to hire suppliers of trading data, as monitoring major participants in the market falls under its responsibilities.
ESMA Launches Public Procurement for Providers of Crypto Trading Data
The securities watchdog of the European Union, ESMA, is preparing to increase scrutiny on transactions involving cryptocurrencies, a public tender has indicated. On Tuesday, the authority launched a procurement procedure for....
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....
Just recently Bitcoin.com reported on the European Securities and Markets Authority (ESMA) Senior Risk Analysis Officer, Patrick Armstrong’s opinion to ban blockchain platforms. However, on February 7 the ESMA has released a report stating that regulating the technology at this early stage is “premature.” ESMA Says Regulating Blockchain Would Be....
The European Securities and Markets Authority (ESMA) has issued a discussion paper titled “The Distributed Ledger Technology Applied to Securities Markets” for a public consultation on distributed ledger technology (DLT). ESMA is seeking feedback on the possible use of DLT in securities markets, including potential benefits and risks. The Telegraph notes that shares could eventually be traded almost instantly without the costly safety net of clearing houses by using the blockchain, the building blocks of Bitcoin, although the technology remains at an early stage. While DLT was first....
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....