Patrick Armstrong: I have passed the wait-and-see period, I hope to develop a proper regulatory framework to promote the development of the cryptocurrency industry.

At today's Paris Blockchain Weekly Summit, European Securities and Markets Authority (ESMA) official Patrick Armstrong said at the roundtable on the theme "How to Regulate Encrypted Assets, Whether Europe Has a Unique Solution" as a Regulator For emerging technologies, we usually have three choices: one is forbidden, the other is wait and see, and the third is promotion. After a year of wait and see, we find that there is a big bubble in the cryptocurrency asset industry, especially at the end of 2017, but the block Chain and distributed ledger technology will not only affect the financial sector, but will radiate to the entire economic industry and links. The French leadership has taken a positive attitude towards cryptographic assets and blockchain technology, arguing that crypto assets and blockchain technology It is a great opportunity for Europe. Now is also one of the turning points in the industry. Under a suitable legal regulatory framework, we hope to promote and expand the scale of the European economy and contribute to the global economy through this new technology.