The EU financial regulator has said that certain crypto platforms should trade under MiFID II rules in cases where the crypto-assets being traded qualify as financial instruments under the regulation. Advice to the European Commission, Council and Parliament, authored and published by the European Securities and Markets Authority (ESMA), stated that certain platforms ought to be subject to the regulation, according to three broad categories. Those platforms trading crypto-assets that have a central order book and/or match orders under other trading models are likely to qualify as multilateral systems and therefore ... (full story)