EU, ICOs regulated case by case

The European Union’s securities watchdog said on Monday it was examining every initial coin offering (ICO) to see whether it should be regulated, mirroring moves by its U.S. counterpart. Huw Jones (Reuters) reports it.
Steven Maijoor, chair of the European Securities and Markets Authority (ESMA), said he was examining how ICOs fit into existing regulation and how they affect competition in the wider capital raising sector.
So far, EU regulators have limited themselves to issuing warnings to retail investors about crypto assets, but this may not be enough.
A report for EU finance ministers last month said the EU should adopt common rules on cryptocurrencies and scrutinize how digital units are distributed.