EU securities watchdog plans on examining every single ICO individually — Good luck

The European Securities and Markets Authority (ESMA) is taking a leaf out of the US’ playbook, and will examine every single initial coin offering (ICO) to decide appropriate regulation. ESMA Chairman, Steven Maijoor, said he is examining how ICOs fit into existing regulatory frameworks, Reuters reports. “Some of these ICOs are like a financial instrument. Once it is a financial instrument it comes under a whole regulatory framework,” Maijoor said. “The subsequent question is what do we do with those ICOs that are outside the regulatory world. We will assess that as a board. We expect to report by the…

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https://ift.tt/2ynscEg Matthew Beedham October 09, 2018 at 09:01AM