Steven Maijoor, who chairs the European Securities and Markets Authority (ESMA), has shown support for further regulation of crypto assets. Maijoor said he would like to see financial instrument regulation applied to cryptocurrencies in line with Europe’s securities laws, ostensibly to “help protect investors.”
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‘Financial Laws to Protect Crypto Investors’
“Where crypto assets do not qualify as financial instruments, we are concerned that the absence of applicable financial rules leaves consumers exposed to substantial risks,” Maijoor was quoted by political publication Roll Call as saying on Feb. 27. The ESMA chairman was speaking at the Fintech Conference in Brussels earlier this week, in a prepared speech.