The EU’s top supervisory body for cryptocurrencies releases the latest regulatory agenda 2018

nBuzz Comments: On February 7, the European Securities and Markets Authority (ESMA) released the latest regulatory agenda that outlines five areas the agency will focus on next year, including cryptocurrency and blockchain technology . And this is the first time that this regulator has put cryptocurrencies on its regulatory agenda, suggesting that the regulatory body is now stepping up its scrutiny of cryptocurrency and blockchain technology development in Europe. EU member states central bank also said it will follow the ESMA footsteps, focusing on ICO and cryptocurrency and other areas of financial innovation.n
nTranslation: Clovern
The EU’s top securities regulator said cryptocurrency will be one of its top priorities by 2018.n
The latest regulatory agenda released by the European Securities and Markets Authority (ESMA) on February 7 outlines five key areas the agency will focus on next year.n
One of the tasks in 2018 is to oversee the development of financial innovation, as the agency has specifically pointed out, including cryptocurrency and blockchain technology.n
The agency said:n
nESMA predicts that the rapid development of financial innovation in European securities markets will continue in 2018. These developments will affect the way securities are developed, traded and regulated, and ESMA, in turn, is investing in platforms such as virtual currencies, ICOs, and distributed ledgers Technical and other tools for the emergence of a substantive analysis. “n
nIt is noteworthy that this is the first time that the regulator has included cryptocurrencies in its regulatory agenda, which shows that the regulator is now gradually scrutinizing the development of cryptocurrencies and blockchain technology in Europe.n
Just last month, the agency also announced that it is seeking public comment on possible regulatory changes surrounding contracts for cryptocurrency derivatives.n
In addition, in recent reports, the central banks of EU member states (collectively referred to as national authorities or the NCA) will also follow the efforts of the ESMA in 2018 with a focus on financial innovation in areas such as ICO and cryptocurrencies.n

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