[02-04-2018] ESMA Hardens Its Stance On Cryptocurrency Derivatives

[bitzamp.com]

The European Securities and Markets Authority (ESMA) hardens its stance on Cryptocurrency derivative contracts. ESMA develops regulatory technical standards which are endorsed by the Commission by means of delegated acts.

In order to promote supervisory convergence ESMA has the power to issue guidelines which are addressed to competent authorities or, as the case may be, to market participants.

Dukascopy, a Swiss bank and securities trader, announced on March 26 that it was proposing Bitcoin / US Dollar CFDs through its individual client account, with future plans to offer and sales of the underlying Cryptocurrency assets.

Read More: https://bitzamp.com/esma-hardens-its-stance-on-cryptocurrency-derivatives/

[Alex077]

If I'm firmly against the strengthening of the cryptocurrencies' regulation, but in this case, I completely agree with the tougher regulation of cryptocurrencies' derivatives. There are too many manipulations with the exchange rate can be created in this market without the necessary control.