EU markets watchdog to look deeper into digital currency investments

April 22, 2015 11:40 AM

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LONDON, April 22 (Reuters) - The European Union's markets watchdog is examining trading investments based on digital currency systems like bitcoin, saying it is unclear whether ownership is legally enforceable.

The European Securities and Markets Authority (ESMA) said the databases or "block chains" which record every transaction ever conducted in such cryptocurrencies were already being used to issue and trade some securities, bypassing regulated stock exchanges and central securities depositories.

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