Facebook’s foray into finance

Hayley McDowell considers what the launch of Facebook's own currency means for the financial markets and the traditional banks that are in danger of being left behind.

ESMA: Crypto platforms should trade under MiFID II rules

Platforms trading crypto-assets that qualify as financial instruments should be subject to the rules, but ESMA has advised a bespoke regime be implemented for firms trading crypto-assets outside of the MiFID scope.