Based on broad public consultations and the Digital finance outreach, the European Commission adopted on 24 September 2020 a digital finance package, including a digital finance strategy and legislative proposals on crypto-assets and digital resilience, for a competitive EU financial sector that gives consumers access to innovative financial products, while ensuring consumer protection and financial stability. The package supports the EU’s ambition for a recovery that embraces the digital transition. Digital financial services can help modernise the European economy across sectors and turn Europe into a global digital player.
By making rules more digital-friendly and safe for consumers, the Commission aims to leverage synergies between high innovative start-ups and established firms in the financial sector while addressing associated risks.
For the full text follow this link:
https://ec.europa.eu/info/publications/200924-digital-finance-proposals_en
Frequent Q&A:
https://ec.europa.eu/commission/presscorner/detail/en/QANDA_20_1685
Source European Commission - Press Corner
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