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EU Securities Watchdog Puts Every ICO Under Intense Scrutiny

  • ESMA Chair Steven Maijoor claims that the securities watchdog is taking a closer look at every initial coin offering (ICO) in order to define how to regulate them

Cover image via U.Today

According to Reuters, ESMA Chair Steven Maijoor claims that the securities watchdog is taking a closer look at every initial coin offering (ICO) in order to define how to regulate them. They want to determine where ICOs stand from the point of view of existing regulations and what impact they have on the fundraising sector.

Maijoor states that some ICOs can be recognized as securities, but those tokens that do not have a place in the current regulatory world still breed confusion. He states that ESMA will figure out what to do with them by the end of the year after board members complete their assessments.

In September, EU lawmakers backpedalled on their plan to introduce cryptocurrency regulations.
 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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