According to the report of Reuters, The European Securities and Markets Authority (ESMA) decided to examine Initial Coin Offerings (ICOs) in order to determine how to regulate such fundraising models.
The main goal of the ESMA assessment is to understand whether they comply with the existing securities regulations or not and measure their impact on competition in the fundraising sector.
The European Securities and Markets Authority (ESMA) is an independent EU Authority that contributes to safeguarding the stability of the European Union's financial system by enhancing the protection of investors and promoting stable and orderly financial markets.
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