European Securities and Markets Authority Releases Blockchain Discussion Paper

The European Securities and Markets Authority (ESMA) has released a 34-page discussion paper on distributed ledgers that goes over the numerous implications of implementing the technology in securities markets. The paper is aimed mainly at academics and industry experts with an understand of the technology. The ESMA has not yet formed an opinion on the viability of blockchains in the financial industry, however, the agency is hoping to receive plenty …
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EU Regulator Says Focus Shifting Away from Bitcoin to Blockchain

In a recent speech given at the Bank of England Conference on Fintech innovation, Executive Director of ESMA (European Securities and Markets Authority) Verena Ross, addressed the impact and future of blockchains and distributed ledger technologies (DLT) in the financial arena. In her speech, Financial Innovation: towards a balanced regulatory response, Ross said that institutional interested in shifting away from cryptocurrencies: “As time passed, ESMA became aware that market participant’s …
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ESMA Examines Impact of Blockchain Tech on Financial Systems

On the 16th of December, the European Securities and Markets Authority (ESMA) held the second Financial Innovation Day event. The venue focused primarily on technological developments in the financial space and the security and regulatory implications of distributed ledger systems (blockchain). The event was attended by some very prominent European financial regulators such as Jean-Paul Servais, President of the Belgium FSMA and Chair of ESMA’s Financial Innovation Standing Committee. Opening …
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