BETTER FINANCE welcomes the initiatives and efforts of EU public authorities to accommodate emerging technologies in financial services whilst maintaining a safe and stable environment for consumers and financial services users to benefit of our single market for capital movements and investments.
Regulations on Markets in Crypto-Assets and the EU Pilot Regime for
Distributed Ledger Technology (DLT) based market infrastructures
BETTER FINANCE welcomes the initiatives and efforts of EU public
authorities to accommodate emerging technologies in financial services
whilst maintaining a safe and stable environment for consumers and
financial services users to benefit of our single market for capital
movements and investments. In light of the rapidly evolving FinTech
sector, the timeliness and decisiveness of such initiatives are key for
the EU to keep a leading role on the global regulatory scene.
Although much work is still to be done, BETTER FINANCE acknowledges
the difficulty of the task to keep up with technological developments,
particularly when applied to financial services, and stimulate
innovative products and business models. However, above all, EU
regulation should maintain a high standard of investor protection as an overarching principle.
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