EU Securities Regulator to Report on ICO by 2019

October 10, 2018

Steven Maijoor, the European Securities and Markets Authority (ESMA) head, has stated some similarity between ICO and financial instruments that are liable to corresponding regulations when holding his speech before the EU parliament meeting. But the regulators still dwell on the issue of how to handle ICOs that do not fall within this category.

The ESMA has claimed recently, it was going to allocate over €1 million for tracing digital currencies turnover and other activities in the domain of finance. In accordance with the published papers, the agency is seeking for balanced method to regulate new financial field.

In addition, the regulator said, it will elaborate recommendations for European organizations, market players and common users involved in the digital currency industry.

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