Archax to provide secondary market for Globacap token issuance
Globacap, recently authorised by the FCA, will use Archax as a secondary market for security tokens created for its clients.
Europe
Regulation
ESMA: Crypto platforms should trade under MiFID II rules
Platforms trading crypto-assets that qualify as financial instruments should be subject to the rules, but ESMA has advised a bespoke regime be implemented for firms trading crypto-assets outside of the MiFID scope.
Support grows for central bank digital currency
Two new reports provide intellectual underpinning for more active engagement by central banks in digitalisation initiatives.
Swiss regulator taking more conservative approach with crypto
FINMA has said its approach to crypto is more conservative due to comparatively high volatilities of the underlying assets.
FCA in talks with blockchain firms
Regulator’s fintech sandbox working with several blockchain specialists.