Digital Finance Providers Seek EU Carve-Out From New Legislation

Digital finance providers want a carve-out from forthcoming European legislation governing distributed ledger technology, arguing that Europe is losing out to the US.

Boerse Stuttgart Group, Nasdaq Inc., and fintech associations from France, Spain, Italy, Hungary and Poland are among 39 signatories asking the European Commission and the European Parliament to fast track a review of the DLT pilot regime as standalone legislation, carving it out from the European Union’s Market Integration and Supervision Package.