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Author Topic: [2017-02-08] ESMA Won’t Ban Blockchain and Considers Regulation Premature  (Read 98 times)
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February 08, 2017, 05:30:55 PM

Just recently reported on the European Securities and Markets Authority (ESMA) Senior Risk Analysis Officer, Patrick Armstrong’s opinion to ban blockchain platforms. However, on February 7 the ESMA has released a report stating that regulating the technology at this early stage is “premature.”

The European market regulatory agency the ESMA has revealed it believes regulating blockchain technology at this time would be premature. The ESMA has been researching distributed ledger technology (DLT) for quite some time in order to craft regulatory framework. Then in November, ESMA executive Patrick Armstrong told attendees at a blockchain conference the technology could be banned. However, the report issued by the ESMA on February 7 is quite different than Armstrong’s approach.

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