The EU Commission launches proposals for a regime regulating crypto-assets and distributed ledger technology in the financial sector through a digital finance package

On September 24, 2020 the European Commission (EC) launched proposals for a new EU-wide regime to regulate crypto-assets and distributed ledger technology (DLT) in the financial sector through a Digital Finance Package. Key issues relevant to companies and stakeholders in digital finance are set out below. What Does the EC Seek to Achieve? The EC is looking to plug gaps in existing laws that regulate digital finance and to harmonize fragmented rules on crypto-assets across EU Member States. It also hopes to boost digital innovation and access to cross-border services through greater legal certainty and investor protection via safeguards such as capital requirements, custody of assets, and mandatory complaint procedures. How Does the EC Intend to Regulate Crypto-Assets? Regulation on

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Elvira Aliende Rodriguez, Sujin Chan-Allen, Barnabas Reynolds, The EU Commission launches proposals for a regime regulating crypto-assets and distributed ledger technology in the financial sector through a digital finance package, 24 September 2020, e-Competitions September 2020, Art. N° 98022

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