ESMA introduces limits on cryptocurrency trading

This week, the European Securities Markets Authority  imposed a 2×1 leverage limit on cryptocurrency derivatives called “contracts for difference.” It’s a change from some 5×1 proposals, though not as low as 1×1, which the European agency had warned.  Interestingly, CFDs are not available in the United States–but it will be interesting to see whether this and other interventions could impact member state efforts to lure ICOs.