ESMA is recommended to consider transferable crypto assets used in payments under the EU's MiFID II (Markets in Financial Instruments Directive II) regulations T.T The advisory also follows reports in early October that the ESMA was considering whether to regulate initial coin offering (ICO) tokens as securities on a case-by-case basis. I believe cryptocurrency is getting harder and harder to survive. How do you think about the regulation in the near future? Please share your thought below ^^
I guess their concern will be on to prevent scammers and to get the profesional developer. I would not be surprised to see EU will try to implement KYC and license verification like what will be doing by some countries in EU.
It's about to give guarantees to the investors if the team that created ico have verified by the regulators.