The European Securities and Markets Authority (ESMA) announced that it is planning to regulate the cryptocurrency markets in the European Union due to concerns about data security.
According to ESMA’s plans for the 2020 – 2022 period ESMA will “require EU market participants to acknowledge the risks that may stem from digitalization by ensuring business continuity and the use of adequate and up-to-date technology, as well as adequate protection against cyber threats, and through proper data protection and data quality management”.
In my opinion that is a positive thing. Regulation is not an outright ban, on the contrary - it is a framework that allows more people to have access to cryptos, so I think this will just increase their popularity.
