The European Securities and Markets Authority (ESMA) announced that it is planning to regulate the cryptocurrency markets in the European Union due to concerns about data security.
According to ESMA’s plans for the 2020 – 2022 period ESMA will “require EU market participants to acknowledge the risks that may stem from digitalization by ensuring business continuity and the use of adequate and up-to-date technology, as well as adequate protection against cyber threats, and through proper data protection and data quality management”.
Source
Personally, I think this is actually a good thing. A proper regulation of cryptocurrencies and their trade – rather than an outright ban – means that they will become part of the mainstream and that more people will have a ready and easy access to them.
According to ESMA’s plans for the 2020 – 2022 period ESMA will “require EU market participants to acknowledge the risks that may stem from digitalization by ensuring business continuity and the use of adequate and up-to-date technology, as well as adequate protection against cyber threats, and through proper data protection and data quality management”.
Source
Personally, I think this is actually a good thing. A proper regulation of cryptocurrencies and their trade – rather than an outright ban – means that they will become part of the mainstream and that more people will have a ready and easy access to them.
