EU Financial Regulator Budgets Over 1 Mln Euro for FinTech and Crypto Supervision
Cointelegraph
Published Oct 04, 2018 06:50PM ET
Updated Oct 04, 2018 07:40PM ET
EU Financial Regulator Budgets Over 1 Mln Euro for FinTech and Crypto Supervision
The European Securities and Markets Authority (ESMA) has budgeted over 1 million euro for monitoring fintech and crypto assets, according to a document published Oct. 4.
Founded in 2011 in Paris, the ESMA has an objective to develop a uniform rulebook for European Union (E.U.) financial markets, as well as provide market supervision. The authority has established Technical Committees in various industrial fields, including information technology (IT), and also works in the field of securities legislation and regulation.
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