UTC-05:00,Thursday , September 19th 2019

AMF Chairman: ICO Yet Dead, And DLT Tech Is Answer To Financial Sore Spots

05:21 Monday , April 15th 2019
On the blockchain summit themed as "Will Blockchain Disrupt the Economic Order?" in Paris, France, Robert Ophele, Chairman of the Autorité des Marchés Financiers (AMF), remarked that blockchain and DLT (distributed ledger technology) hold the key to issues commonly seen in the traditional and centralized stock markets and exchanges, such as low efficiency, market manipulation, and lack of transparency.
Prevention of anti-money laundering and a refined KYC (know your customer) process cannot be shunned away when approaching an innovation, added he.
Ophele commented that ICO is not dead yet, and will surely make a comeback in another form. The current narrative around security tokens merits attention, but any innovation shall not cross any lines tolerated by the regulators.