The European Digital Finance Package – a must read for anyone active in the FinTech industry
The ongoing COVID-19 pandemic shows the importance of digitization of financial services. The digital transformation is stimulated by several initiatives taken by the European Commission. On 24 September 2020 the European Commission published the Digital Finance Package consisting of a Digital Finance Strategy, a Retail Payments Strategy, legislative proposals for an EU regulatory framework on markets in crypto-assets and on a pilot for market infrastructures based on distributed ledger technology, and a proposal for an EU regulatory framework on digital operational resilience.
Naturally you can spend your Christmas holidays (whether in lock down or not) by reading this very important set of documents published by the Commission. But if your family does like you to have some quality time with you, you may wish to limit it to reading our blog for now. The uptake is clear: FinTech is hot. Prepare yourself for a big regulatory and legal challenge to come! If you do not prefer to take on that challenge alone, we are ready to assist you!