Steven Maijoor also talked down development of a bespoke regulatory regime for crypto-assets during keynote speech in Brussels.
Tag: MiFID II
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.
Despite a lack of regulations around digital assets, cryptocurrency exchanges are setting their sights on becoming regulated multilateral trading facilities to capture the interest of institutional investors.
Survey by Linedata suggests the buy-side is less concerned about MiFID II but increasingly interested in cryptocurrencies.