As it was stated in a report of The European Securities and Markets Authority, the organization has budgeted over 1 million euro for monitoring fintech and crypto assets.
ESMA is a European organization which aim is to develop rules for European Union financial markets and to provide market supervision. The authority has established Technical Committees in various industrial fields, including information technology securities legislation and regulation.
2019 Annual Work Program of ESMA represents a 1.1 million euro program with the objective to monitor fintech and crypto assets and develop a regulation for these fields.
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