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ARTICLE · 23 SEPTEMBER 2015

Responses To ESMA Call For Evidence On Investment Using Virtual Currency Or Distributed Ledger Technology Published

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Earlier this year, the European Securities and Markets Authority ("ESMA") published a "call for evidence [on] investment using virtual currency or distributed ledger technology."

European UnionFinance and Banking
Nikiforos Mathews
Nikiforos Mathews
Jonas Robison
Jonas Robison
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Earlier this year, the European Securities and Markets Authority ("ESMA") published a "call for evidence [on] investment using virtual currency or distributed ledger technology."1  ESMA established July 21, 2015 as the deadline for market participants and other stakeholders to respond to the call for evidence and to submit feedback and any additional information on the following topics:

  1. virtual currency investment products, i.e., collective investment schemes or derivatives such as options and contracts for differences that have virtual currencies as an underlying or invest in virtual currency related businesses and infrastructure;
  2. virtual currency based assets/securities and asset transfers, i.e., financial assets such as shares, funds, etc. that are exclusively traded using virtual currency distributed ledgers (also known as blockchains); and

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