European Union Authority Talks Blockchain Tech…and Banning It

European Union Authority Talks Blockchain Tech…and Banning It

The European Securities and Markets Authority (ESMA) will soon have the power to ban blockchain or distributed ledger technology (DLT), come January 1, 2018. Speaking at a London conference called “Blockchain Technology: The Future for Financial Services”, last week, senior ‘risk analysis’ officer Patrick Armstrong spoke [PDF] about the challenges and opportunities with blockchain technology. Armstrong is a part of the Innovation and Products team at ESMA, the Paris-based EU financial regulatory authority that establishes legislation and regulation for European financial markets. The....


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