In Part 01 of our Q1 2019 review, we covered news highlights from Asia. In Part 02, we direct our attention to news from Europe.
European Union
• European Banking Authority urged the European Commission to examine whether unified crypto rules are needed across the region. For these officials, crypto asset related activities do not currently fall under existing EU financial laws and since it judges these activities particularly risky, it thinks that appropriate rules need to be put in place to protect investors.
• The European Securities and Markets Authority published a report on crypto assets and ICOs; it advises the EU Commission Council and Parliament on the existing rules that could be applied to crypto assets and further sets out any regulatory gaps to consider for policymakers. In particular, it says that some crypto assets fall under the MiFID financial framework and need to be classified as financial instruments.
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This is an exert from the post originally published on our Medium channel.
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