On 29 September 2023, the European Banking Authority (EBA) published Technical Advice on two delegated acts that the European Commission (Commission) is mandated to develop under the Regulation on Markets in Crypto-Assets (MiCA). These include a delegated act on the most relevant indicators in relation to specific criteria for determining
Digital finance
Council commences discussions on digital euro proposal
On 25 September 2023, the Council of the European Union (Council) Working Group on Financial Services held a discussion on the European Commission (Commission) proposal on the establishment of a digital euro.
Since 2021, the Commission and the European Central Bank (ECB) have been preparing the establishment of the…
Responses to the BoE’s Discussion Paper on new forms of digital money
On 24 March 2022, the Bank of England (BoE) published a paper containing a summary of responses it received to its earlier Discussion Paper on new forms of digital money such as, systemic stablecoins and a UK Central Bank Digital Currency (CBDC).
The BoE report that the responses to the Discussion Paper found that:
- There
…
FCA speech – The risks of token regulation
On 6 September 2021, the FCA published a speech by its Chair, Charles Randell, entitled The risks of token regulation.
Key points in the speech include:
- The tide of regulation is turning all over the world, and online platforms should expect a future where regulation addresses the significant risks they pose in the same
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