European Regulators Explain How Blockchain Can Benefit Financial Markets

[kreslik.news]

The European Securities and Markets Authority (ESMA) has issued a report on blockchain (or distributed ledger technology DLT as ESMA prefers to refer to it) regarding its applications, benefits, risks and how it fits with existing EU regulation.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

The report says that ESMA believes that DLT could bring a number of benefits to the financial markets, including more efficient post-trade services, enhanced reporting capabilities and reduced costs. ESMA expects the early applications to focus on optimising processes using the current market structure. Likely first ... (read more)