European Securities and Markets Authority Issues Discussion Paper on Distributed Ledger Technology
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....
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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 the European Securities and Markets Authority (ESMA) has warned that new regulations for blockchain technology would be “premature” at this stage of its development. This new report comes after ESMA issued a discussion paper titled “The....
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....
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 European Securities and Markets Authority (ESMA) has launched a call for evidence to discover information regarding the newest developments in digital currencies, such as Bitcoin, or the associated Blockchain technology. The European regulator had been monitoring and analyzing the investments related to virtual currencies for the past six months, and has presented its analysis and understanding of the digital currencies and the underlying blockchain or ledger-based technology in the paper. Through this paper, ESMA is hoping to receive notable feedback from industry experts, existing....
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....