Regulation of Digital Finance and Crypto-Assets

by name voted on 08.10.2020

Summary

This report recommends a new EU regulatory framework for digital finance, focusing on crypto-assets, cyber resilience, and data protection to ensure stability and consumer safety.

9 08.10.2020

Other

economy

finance

justice

social policy

administrative law

public administration

business and competition

information technology and data processing

Key points

Establishment of a comprehensive European taxonomy for all types of crypto-assets to ensure legal certainty.
Implementation of strict rules for stablecoins, ensuring they can be converted back to traditional currency at a fixed rate.
Strengthening of anti-money laundering and terrorist financing prevention measures within the digital finance sector.
Modernization of cyber security requirements and increased oversight of critical third-party technology providers.

Vote

PPE

S&D

Renew

ID

Verts/ALE

ECR

GUE/NGL

NI

Total

Documents (PDFs)

REPORT with recommendations to the Commission on Digital Finance: emerging risks in crypto-assets - regulatory and supervisory challenges in the area of financial services, institutions and markets Digital Finance: emerging risks in crypto-assets - regulatory and supervisory challenges in the area of financial services, institutions and markets

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