According to reports, in the five main areas announced by the European Securities and Markets Authority, cryptocurrency and blockchain are one of them. Blockchain technology will continue to develop at a high speed, and the task of the Market Authority is also very urgent. Indicates a more rigorous review of future developments.
According to foreign media, Europe's largest securities regulator, the European Securities and Markets Authority (ESMA), outlined the five main areas that will be focused on in 2018, one of which is supervision. The development of financial innovation - especially the encryption of digital currency and blockchain technology.
“It is expected that in 2018, the financial innovation and development of the EU securities market will continue to develop at a high speed, which will also have an impact on the development, trading and supervision of securities products. The European Securities and Markets Authority is preparing analytical materials, focusing on virtual currency and ICO platforms. And financial instruments such as distributed ledger technology."
It is worth noting that, according to the reporter, this is the first time that the European Securities and Markets Authority has incorporated the encrypted digital currency into the regulatory agenda. It also shows that regulators are increasingly strictening the development of encrypted digital currency and blockchain technology in Europe. Review.
The reporter was informed that just last month, the European Securities and Markets Authority also consulted the public on potential regulatory changes in digital currency verification products.
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