FINTECH -

ESMA and EBA letter to the European Commission on crypto-assets work -

On 20 August, ESMA and the EBA published a letter sent to the Commission on crypto-assets. The letter was sent in response to the Commission’s letter dated 19 July which identified issues in ESMA and the EBA’s January report on crypto-assets and initial coin offerings, and confirmed that they agree that further work must progress urgently.