ESMA Issues Advice on Initial Coin Offerings and Crypto-Assets

On January 9, 2019, the European Securities and Market Authority (ESMA) published advice on initial coin offerings (ICOs) and crypto-assets, which assesses the risks and benefits of the application of crypto-assets and the further steps that can be taken to embrace the underlying technology of crypto-assets. 

ESMA has created this advice following the European Commission's request that the European supervisory authorities (ESAs) undertake a study on whether the EU regulatory framework is suitable for ICOs and crypto-assets.

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