![]() Since the publication of the Commission’s Fintech Action plan 5, in March 2018, the Commission has been examining the opportunities and challenges raised by crypto-assets. This proposal, together with the proposal on a DLT pilot regime, represents the first concrete action within this area.Ĭrypto-assets are one of the major applications of blockchain technology in finance. One of the strategy’s identified priority areas is ensuring that the EU financial services regulatory framework is innovation-friendly and does not pose obstacles to the application of new technologies. In addition to this proposal, the package also includes a proposal for a pilot regime on distributed ledger technology (DLT) market infrastructures 2, a proposal for digital operational resilience 3, and a proposal to clarify or amend certain related EU financial services rules 4. ![]() The digital finance package includes a new Strategy on digital finance for the EU financial 1 sector with the aim to ensure that the EU embraces the digital revolution and drives it with innovative European firms in the lead, making the benefits of digital finance available to European consumers and businesses. It is in line with the Commission priorities to make Europe fit for the digital age and to build a future-ready economy that works for the people. This proposal is part of the Digital Finance package, a package of measures to further enable and support the potential of digital finance in terms of innovation and competition while mitigating the risks. ![]() Reasons for and objectives of the proposal. ![]()
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