As the European Commission launched its long-awaited Digital Finance Strategy in late September, a senior official announced: “The future of finance is digital”.
The Commission sees digital finance as a weapon in its arsenal as it seeks to relaunch and modernise the European economy to recover from the COVID-19 pandemic, and the Strategy sets out the Commission’s strategic objective: to embrace digital finance for the good of consumers and businesses.
As part of the Strategy, The Commission’s proposals for a ‘Regulation on Markets in Crypto Assets’ (“MiCA”), when implemented, will transform the legal landscape for cryptoassets, including utility tokens and stablecoins.
Read the full article first published in City AM on 16 October 2020.
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