EU plans crypt-asset passport - International Institute of Communications

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‘Regulatory stamp’ aims to incentivise financial innovation

The European Commission is set to propose new EU rules for crypto-asset issuers and service providers, such as blockchain firms, says Reuters. The plans include capital requirements, custody of assets and a complaints procedure. In return firms can apply for a single market access via a crypto ‘passport’. The Commission hopes to encourage greater innovation in Europe, and will also introduce a regulatory ‘sandbox’ to allow for experimentation with new products outside of the existing rules.

The European Commission is set to propose new EU rules for crypto-asset issuers and service providers, such as blockchain firms, says Reuters.

Region:: Europe
Series:: Regulatory Watch

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