Some of cryptohalite the European regulator may accept a financial instrument

According to experts, this category will include assets associated with profit opportunities.

Деякі криптовалюти Європейський регулятор може визнати фінансовим інструментом

Some of cryptohalite can be qualified as financial instruments in accordance with the EU Directive “markets in financial instruments (MiFID). This was stated by the representatives of the European securities and markets authority (ESMA), informs Rus.Media.

According to experts, this category will include assets associated with profit opportunities, for example, during the initial coin offerings (ICO). They will apply the full set of rules that apply in the EU.

“All other assets, are not financial instruments should be subject to the laws on countering money laundering”, – explained in the ESMA.

However, added the regulator, the classification problem “remains open and provides for the revision of certain requirements,” according to his pronunciation must occur at the European level.

For the protection of investors and experts propose ESMA to oblige companies to disclose risks of all without exception cryptanalytic products.

“With proper regulation of the ICO can be an effective tool”, according to the ESMA.

In turn, the European banking authority (EBA) urged the European Commission to explore the necessity of creating a single captopril in the region.

“The EBA warning on high-risk nature of the virtual currency remain in force,” recalled the Executive Director of the EBA Adam Farkas.

Also the EBA called on the Commission to conduct analysis to listen to the recommendations of the Group of development of financial measures of struggle against money-laundering (FATF), which will be published in June 2019.

Recall that countries that are part of the Eurasian economic Union – Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan – are also planning to develop a common approach to the regulation of cryptocurrencies and ICO.

In November the Deputy General counsel of the IMF Ross Leckow said that the experiments conducted by the International monetary Fund in the field of blockchain will form the basis for the formation of vector control cryptomelane industry.