ESMA chair assessing ICOs and regulatory landscape

Steven Maijoor, chair of the European Securities and Markets Authority (ESMA), told the European Parliament’s economic affairs committee the following

  • They are assesing how ICOs fit into current regulatory landscape
  • They are studying how ICOs affect competition in capital formation
  • Will prepare a report by end of the year

He also noted ICOs, so far, have had “difficulty” showing their viability and what extra benefits they bring compared with traditional capital raising,

Source : Reuters