39 Firms Urge EU to Fast-Track DLT Rules, Warn EU Lagging the US
A coalition of European financial institutions and industry bodies is urging EU lawmakers to accelerate reform of blockchain rules by treating the DLT Pilot Regime as a standalone law rather than folding it into a broader legislative package. The letter, signed by 39 entities inc...
➤ European financial institutions are urging EU lawmakers to expedite DLT rules by treating the DLT Pilot Regime as a standalone law to maintain competitiveness with the US. ➤ The DLT Pilot Regime, a regulatory sandbox for blockchain-based trading of assets like stocks and bonds, faces potential delays if integrated into broader legislative packages. ➤ Industry groups propose expanding the regime's scope, increasing asset limits, and removing time limits on licenses, contrasting with US advancements in tokenized securities custody and services.