The European Commission issued its new Digital Finance Package
Estimated time to read this article2 min
Date of publication25 September 2020
Author(s)Joan Carette, Philippe De Prez, Thomas Derval, Catherine Houssa, Jean-Christophe Vercauteren
CategoriesBanking, Finance and Insurance, Digital Finance and FinTech
FLASH NEWS | Yesterday, the European Commission issued its new Digital Finance Package presenting a new digital finance strategy and new legislative proposals.
The key takeaways are:
1. Legislative proposals on crypto-assets including a regulated status for previously unregulated crypto-assets;
2. An EU regulatory framework on digital resilience;
3. A renewed strategy for retail payments to foster cross-border payment solutions (instant payments) and a proposal for “Open Finance” framework.
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