European Regulator ESMA Could ‘Ultimately’ Regulate ‘Some’ ICOs

[kreslik.news]

Europe’s top markets watchdog said it could regulate some ICOs, but would decide whether it was able to or not on a case-by-case basis. Paris-based ESMA, observing a rapid growth in ICOs globally and in Europe, said many digital tokens could fall outside the regulated space, but depending on how they are structured, some ICOs may involve regulated investments.

Steven Maijoor, chair of the European Securities and Markets Authority (ESMA), told the European Parliament’s economic affairs committee that “some of these ICOs are like a financial instrument. Once it is a financial instrument it comes under a whole regulatory framework.”

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