EU Securities Watchdog: Too Early to Predict DLT Impact
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....
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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....
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Argentinian Securities Regulator Assigns Fintech And Crypto Special Importance
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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....