EU AGENCY SAYS TOO EARLY TO REGULATE BITCOIN TECHNOLOGY
February 1st, 2017
The European Securities and Markets Authority (ESMA) has recommended that it is too early to regulate the block chain distributed ledger technology (DLT) that underpins virtual currency platforms such as Bitcoin. Its suggestion comes as the European Union (EU) considers expanding the scope of its fourth anti-money laundering regulation (4AMLD) to virtual currencies.
Paris-based ESMA’s February 7 report on ‘The Distributed Ledger Technology Applied to Securities Markets’ concludes: “At this stage, it is premature to fully assess the changes that the ...
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