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[2015-08-05] CD: Italian Banking Group: Btc's Advantage is its Network Effect
by
Grand_Voyageur
on 06/08/2015, 04:49:06 UTC
Italian Banking Group: Bitcoin's Advantage is its Network Effect

Quote
The European Securities and Markets Authority has published a number of responses stemming from a request for information on the topic of virtual currency.

The ESMA, which regulates securities activity in the European Union, first sought submissions from the finance and digital currency industries in April. The agency published 14 responses from participants such as German megabank Deutsche Bank, Italian banking group Intesa Sanpaolo, regional trade group European Central Securities Depositories Association (ECSDA) and interbank messaging network SWIFT, among others.

The submissions offer varied perspectives on how European regulators should approach overseeing activity on the continent. At the same time, the documents show how some of these organizations are adapting to the technology as it evolves.

Full story: http://www.coindesk.com/italian-banking-group-bitcoins-advantage-is-its-network-effect/