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Crypto-Assets, Distributed Ledger Technologies and Disintermediation in Finance: Overcoming Impediments to Scaling: A View from the EU

Elisabeth Noble ()
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Elisabeth Noble: European Banking Authority

Chapter Chapter 9 in Disintermediation Economics, 2021, pp 193-214 from Springer

Abstract: Abstract The chapter presents an overview of the European Commission’s flagship legislative proposals for a new regulatory framework for crypto-activities in the European Union (EU) and a pilot regime to facilitate DLT experimentation by market infrastructures. To provide some context for the proposals, the chapter reflects on some of the issues industry, regulators and supervisors have encountered in seeking to reconcile innovative DLT applications with EU and national financial services law. The chapter goes on to outline the key elements of the legislative proposals, which are intended to mitigate risks effectively and facilitate the scaling-up of DLT and crypto-asset applications in the EU.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65781-9_9

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DOI: 10.1007/978-3-030-65781-9_9

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