Advice Initial Coin Offerings and Crypto-Assets

Publisher	European Securities and Markets Authority [ESMA]
Publication Date	09/01/2019
Content Type	Report
	Summary: Report published by the European Securities and Markets Authority (ESMA) in January 2019 on initial coin offerings and crypto-assets. Further information: The Advice clarifies the existing EU rules applicable to crypto-assets that qualify as financial instruments, as provides ESMA's position on any gaps and issues in the existing EU financial regulatory framework for consideration by EU policymakers. ESMA worked with National Competent Authorities (NCAs) on analysing the different business models of crypto-assets, the risks and potential benefits that they may introduce, and how they fit within the existing regulatory framework. Based on this work, including a survey of National Competent Authorities (NCAs) during 2018, ESMA identified a number of concerns in the current financial regulatory framework regarding crypto-assets.
Source Link	Primary Source https://www.esma.europa.eu/file/49978/download?token=56LqdNMN
Related Links	News EurActiv, 11.01.19: Cryptoasset investors exposed to substantial risks, two EU reports find https://www.euractiv.com/section/digital/news/cryptoasset-investors-exposed-to-substantial-risks-two-eu-reports-find/ CryptoNews, 09.01.19: EU to Increase Scrutiny on Crypto This Year https://cryptonews.com/news/eu-to-increase-scrutiny-on-crypto-this-year-3179.htm Official ESMA: Press Release, 09.01.19: Crypto-assets need common EU-wide approach to ensure investor protection https://www.esma.europa.eu/press-news/esma-news/crypto-assets-need-common-eu-wide-approach-ensure-investor-protection
Subject Categories	Business and Industry
Subject Tags	Financial Services
Keywords	Cryptoassets \| Cryptocurrencies
International Organisations	European Union [EU]