Financial Watchdog Demands for Crypto and ICO Regulations in EU

Financial Watchdog Demands for Crypto and ICO Regulations in EU

A report has been published by the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) demanding the European Union-wide approach to regulate the ICO and cryptocurrency industry. EBA then explained, “a significant portion of activities involving crypto-assets do not fall within the scope of the current EU financial services law.”

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