The announcement of Facebook's launch of the digital “currency” Libra last year has heightened awareness in Brussels of the legal loopholes surrounding virtual means of payment.
The European Commission presented its strategy on Thursday to encourage and supervise digital finance.
Brussels is therefore proposing its first legislation targeting all forms of crypto-assets, existing and future.
What "
allow companies to take advantage of the possibilities offered by these assets
" while "
reducing the risks for investors and preserving financial stability
", explains Valdis Dombrovskis, vice-president of the executive.
Brussels differentiates crypto assets already governed by European legislation and others.
For the former, the Commission is committed to establishing, by 2024, a framework for the use of distributed ledger technology (DLT or blockchain).
In the meantime, it is proposing a pilot scheme for market infrastructures wishing to
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