The European Organization of Securities and Markets (ESMA) has published a work program for 2019. One of the points touched the cryptoindustry. The ESMA allocated over € 1 million to monitor activity in the field of cryptocurrency and financial technologies.
The document also states that ESMA will follow current trends and trends in cryptocurrency, financial and technical areas in order to identify problems, risks and negative factors that may be associated with innovations in the field of finance. The regulator is also going to make the necessary recommendations and share relevant information with market participants.
In addition, the agency will be responsible for ensuring compliance with the requirements of the EU Directive on markets and financial instruments. The directive prohibits marketing and distribution for CFDs between retail investors. Thus, the ban applies to suppliers of financial instruments such as binary options and CFDs.
