#EURegulation

3 articles tagged #EURegulation — curated RWA tokenization coverage.

#MiCA #AFM #BitGo #CryptoCustody #DLT #DNB #ECB #ESMA #Stablecoins #StandWithCryptoEU

Dutch central bank, regulator call for legal change to keep up in tokenization race

The Dutch central bank, De Nederlandsche Bank (DNB), and the Authority for the Financial Markets (AFM) have issued a formal call for legislative reform to support natively digital securities in the Netherlands. While tokenization is currently permitted, the existing legal framework fails to recognize natively digital issuance, forcing Dutch firms to utilize foreign jurisdictions for such operations. The regulators highlight that the EU DLT Pilot Regime is insufficient because it grants infrastructure exemptions without resolving the underlying legal status of tokens under national law. To remain competitive, the Netherlands must align with peers like Germany, Luxembourg, and France, which have already amended their laws to recognize distributed ledgers as valid records of ownership. The paper also expresses caution regarding the European Commission's proposed 28th regime, warning that it could introduce redundant legal layers if not implemented comprehensively. This regulatory bottleneck underscores the broader European challenge of reconciling technology-neutral laws with financial market infrastructures that implicitly assume traditional, centralized designs. Addressing these legal gaps is essential for the Netherlands to participate effectively in the growing global market for tokenized financial assets.

#Tokenization #DLT #EURegulation

ledgerinsights.comAdded: Oct 8, 20267.5

Stablecoins

50,000 Europeans Ask EU to Allow Stablecoin Rewards Under MiCA

Over 50,000 European citizens, mobilized by crypto advocacy group Stand With Crypto EU, have urged the European Commission to permit stablecoin rewards and perks under the ongoing review of the Markets in Crypto-Assets (MiCA) regulation. This campaign, timed with the closure of the Commission's public consultation, seeks to allow regulated stablecoins to offer benefits like cashback, loyalty programs, and lower fees, arguing that regulated stablecoins should not offer fewer advantages than traditional e-money products. A separate petition garnered over 126,600 signatures, advocating for lifting MiCA's ban on passing through yield from safe, interest-bearing assets. This initiative directly challenges the stance of EU central banks, including the European Central Bank, which have recommended maintaining and even extending the current ban on stablecoin interest and indirect perks, citing that electronic money is for payments, not savings. The outcome of this regulatory debate is crucial for the competitiveness of the EU's stablecoin market, with partners of Stand With Crypto EU like 50 Partners warning that restrictive rules could drive talent and innovation to regions like the US or Asia, where different regulatory approaches exist.

#Stablecoins #MiCA #EURegulation

BlockonomiAdded: Oct 2, 20267.5

Infrastructure

ESMA Targets Crypto Custody Controls Under MiCA Rules

The European Securities and Markets Authority (ESMA) has launched a coordinated supervisory action targeting the custody practices of authorized crypto-asset service providers (CASPs) across the European Union. Following the conclusion of the MiCA transition period on July 1, this initiative aims to standardize oversight of operational resilience, key management, and digital asset storage. National competent authorities will conduct risk-based reviews of firm governance, transaction controls, and incident response protocols through the first half of 2027. This regulatory push is critical for the RWA market, as robust custody standards are foundational for institutional adoption of tokenized assets. By harmonizing enforcement across member states, ESMA seeks to mitigate systemic risks associated with technology reliance and service disruptions. The move coincides with increased market activity, such as BitGo’s recent launch of a Europe-focused crypto-as-a-service platform designed to support MiCA compliance. Ultimately, this multi-year assessment will culminate in a final report in late 2027, establishing a clearer benchmark for the security of digital assets within the EU.

#MiCA #ESMA #BitGo

BlockonomiAdded: Jul 8, 20267.5

#EURegulation

Dutch central bank, regulator call for legal change to keep up in tokenization race

50,000 Europeans Ask EU to Allow Stablecoin Rewards Under MiCA

ESMA Targets Crypto Custody Controls Under MiCA Rules

Insights directly to your inbox