The ESMA view on Blockchain

This article takes a closer look at the ESMA report on distributed ledger technology for securities markets.

Abstract

A report in February 2017 reflects the ESMA view on the use of distributed ledger technology for securities markets. While ESMA finds that any further regulatory action would be premature for the time being, it advocates active engagement from European and international regulators. This report demonstrates the willingness of the regulator to learn and acquire a deeper understanding of the benefits and challenges that come with the new technology. It paves the way to further regulatory action once a specific use case for securities markets matures.

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