ESMA’s latest advice on ICOs and cryptoassets identifies gaps and issues with current EU regulation.
There’s increasing demand for best practices, codes of conduct and self-regulatory frameworks to be developed. And there are signs that the sector is responding.
The consultation sought stakeholders’ input in order to further develop the Commission’s approach towards FinTech.
While each regulator chooses its own way, most believe the best approach is to look past the technology and focus on how products behave. But this could change as digital currencies proliferate.
Director of Research at R3 Antony Lewis and finance journalist Solomon Teague discuss distributed ledger technology and what impact it could have on central and commercial banks.
Fintech challenges incumbents in payments and other banking businesses, but hedge funds, credit card companies and insurers have also woken up to the potential of this technology.