Date: 16th March 2021

Regulations on Markets in Crypto Assets and the EU Pilot Regime for Distributed Ledger Technology (DLT) based market infrastructures

BETTER FINANCE welcomes the initiatives and efforts of EU public authorities to accommodate emerging technologies in financial services whilst maintaining a safe and stable environment for consumers and financial services users to benefit from our single market for capital movements and investments. In light of the rapidly evolving FinTech sector, the timeliness and decisiveness of such initiatives are key for the EU to keep a leading role on the global regulatory scene.

Although much work is still to be done, BETTER FINANCE acknowledges the difficulty of the task to keep up with technological developments, particularly when applied to financial services, and stimulate innovative products and business models. However, above all, EU regulation should maintain a high standard of investor protection as an overarching principle.