A group that advises the European Securities and Markets Authority (ESMA) –  the EU’s securities watchdog – has recommended regulating most cryptocurrencies and ICO tokens under existing financial rules, but said more clarification is needed. In a report dated Oct. 19, the Securities and Markets Stakeholders Group (SMSG) said that, since transferable crypto assets used in payments (such as […]

European regulators are determining whether to regulate initial coin offerings (ICOs) as securities sales on a case-by-case basis, Reuters reported Monday. European Securities and Markets Authority (ESMA) chair Steven Maijoor told the European Parliament economic affairs committee that some ICOs resemble financial instruments, which would place them within a specific regulatory framework. However, the regulator is still […]