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 this is one concern that is basically brewing in the crypto space at the moment based on the fact that with regulation, we will actually get to see some level of maturity as well as confidence from investors in the space. Looking at the way ICOs have been over the years and the level of scam activities that has been going on, it is imperative to have some level of regulations, most especially within the ICO space, but the thing here is that, based on the fact that this is a global thing, regulation will be a hard thing to easily achieve, unless every country come together to form a global framework for regulations.
