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The European Commission issued its new Digital Finance Package

Estimated time to read this article
2 min
Date of publication
25 September 2020
Author(s)
Joan Carette, Philippe De Prez, Thomas Derval, Catherine Houssa, Jean-Christophe Vercauteren
Categories
Banking, 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.

For more information, do not hesitate to contact our Digital Finance team: digitalfinance@simontbraun.eu