EMEA: gravitational pull

Author: Olly Jackson | Published: 27 Mar 2018
Everything in orbit around Mifid II

With the new Markets in Financial Instruments Directive (Mifid II) only implemented at the turn of the year, businesses are still coming to terms with its effects. Because the directive is so wide-ranging it is influencing a number of different sectors very differently. In particular, cryptocurrency regulation is gaining increased focus, with decision makers meeting in Argentina in the coming weeks to discuss regulation of the sector as part of the G20 summit talks. If the EU is not quick to implement a legislative framework, it is likely that member states will go their own way.

Mifid here, Mifid there, Mifid everywhere France's Autorité des marchés financiers (AMF) has announced that cryptocurrency derivatives will be regulated like any conventional...