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Europe, ICO regulation to arrive in 2019

European regulators have explained that specific rules for ICOs are on the way and that they plan to regulate them in the same way as equities, according to Reuters.

The President of the European Securities and Markets Authority (ESMA), Steven Maijoor, explained to the European Parliament that some ICOs resemble financial instruments, which would place them in a specific regulatory framework. However, the regulator is still analysing the best way to regulate the ICOs that do not fall into that category:

The subsequent question is what do we do with those ICOs that are outside the regulatory world. We will assess that as a board. We expect to report by the end of the year“.

This news comes less than a week after ESMA revealed its €1 million budget for monitoring crypto and other fintech activities in order to “achieve a coordinated approach to the regulation and supervisory treatment of new or innovative financial activities” by 2019.

Amelia Tomasicchio
Amelia Tomasicchiohttps://cryptonomist.ch
As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist, and also PR manager for the Italian market at Bitget. She is also a marketing teacher at Digital Coach in Milan and she published a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector. As advisor, Amelia is also involved in metaverse-related project such as The Nemesis and OVER.