I loved the conclusion:
"We are entering a digital era in world financial markets. As we saw with the development of the internet, we cannot put the technology genie back in the bottle. Virtual currencies mark a paradigm shift in how we think about payments, traditional financial processes and engaging economic activity. Ignoring these developments will not make them go away, nor it is a responsable regulatory response. The evolution of these assets, their volatility, and the interest they attract from a rising global millennial population demand serious examination."
Chairman Giancarlo recognized we are entering a revolution in the financial system, couldn't be happier.
My sentiments exactly. As a US citizen, I have felt a little isolated from the full extent of the revolution because of the sense of FUD and the uncertainty of the US government position. It still is seen that ICO's will be difficult for US citizens to participate in, but at least the whole of the cryptocurrency/blockchain concept is embraced by the US government. It is so reassuring. I wonder if they realize that we are not even allowed to participate in ICO's for the most part. Maybe that is why no ICO has registered. If US citizens are not allowed to participate, why should they?