The European Securities and Markets Organization (ESMA) has included cryptocurrencies and blockchain in the list of key priorities for the current year. This is written by CoinDesk.
Among the main priorities of the work program for 2018, the department singled out such a direction as monitoring the development of financial innovations. The latter, among other things, covers the scope of cryptocurrencies, as well as solutions based on distributed registry technology.
“In 2018, ESMA expects the continued rapid development of financial innovation in the financial markets of the European region. This development affects how securities are developed, traded and controlled. In turn, ESMA examines materials related to virtual currencies, ICO-platforms and distributed registry technology,” noted in a program document called Supervisory Convergence.
The document also says that central banks of EU member states will also make efforts to study such areas as cryptocurrencies and primary coin distributions.
Recall the other day the head of the European Central Bank Mario Draghi said that his department is studying the potential risks associated with cryptocurrencies. At the same time, he said, EU banks are not at all interested in these “high-risk assets”.