European Financial Watchdogs Ask For Cryptocurrency And ICO Regulations

The EBA looks to even the playing field across the EU, while the ESMA worries about mass crypto adoption. The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have both published reports today, January 9, calling for a European Union-wide approach to cryptocurrency and ICO regulation to help ensure investor protection….

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European Union Regulators Call For EU-Wide Crypto Rules

The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have called for an EU-wide approach to cryptocurrency and initial coin offerings (ICO) regulation in order to protect investor. The EBA published the results of its assessment of EU laws and how they relate to cryptocurrencies earlier this week. The report found…

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ESMA Updates Portfolio Management and Robo-Advisor Guidelines

The European Securities and Markets Authority (ESMA) has published a set of guidelines for portfolio management and investment advisory financial firms. Specifically, the updated recommendations provide clarification on robo-advisors and the “suitability assessment” in relation to MiFID II. A suitability assessment refers to the process of collecting information about a client and then, based on…

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European Financial Watchdog Allocates Over 1 Million Euro To Monitor FinTech And Cryptocurrencies

The European Securities and Markets Authority (ESMA) has revealed that it will spend more than €1 million ($1M USD) to monitor FinTech and cryptocurrency activities during 2019. Founded in 2011, the ESMA works in the field of securities legislation and regulation to improve the functioning of financial markets in Europe, strengthening investor protection and co-operation…

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EU watchdog implements stricter requirements for crypto derivatives

While the recent meeting of the G20 may not have established guidelines for how countries should—or shouldn’t—work with cryptocurrencies, there are still agencies of the European Union (EU) that are working to create regulations. The latest comes by way of an announcement by the European Securities and Markets Authority (ESMA), which has tightened the screws…

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