European Securities Markets Authority Sets Stage for Blockchain Debate

Jun 02

ESMA discussion papers says a number of key issues must be addressed before region’s securities markets can feel benefit

By Anna Irrera

The use of distributed ledger technology in securities markets could raise competition issues and heighten cybersecurity and operational risks, according to Europe’s top financial watchdog.

In a discussion paper published on June 2, the European Securities Markets Authority recognized that the technology offered potential benefits to the region’s securities markets, but noted that a number of key “shortcomings” must be addressed before those benefits can be reaped.

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