Summary
- A group of 39 leading European financial institutions and technology companies called for a faster overhaul of regulations related to distributed ledger technology, or DLT.
- The companies said the DLT Pilot Regime should be separated from the broader package, with the transaction cap raised to 150 billion euros and license expiry dates abolished.
- As concerns grow that legislative delays could weaken digital-finance competitiveness, the European Commission is understood to prefer processing the full legislative package, including the regime, in one batch.
Forecast Trend Report by Period
Major European financial and technology companies are urging a faster overhaul of regulations governing distributed ledger technology, warning that legislative delays could undermine the region’s digital-finance competitiveness.
CoinDesk reported on April 21 that 39 finance and technology firms, including Boerse Stuttgart Group and Nasdaq, asked the European Union in a joint letter to separate the DLT Pilot Regime from the broader legislative package and revise it more quickly.
The DLT Pilot Regime, in force since 2023, is a regulatory framework for testing the trading and settlement of tokenized assets such as stocks and bonds on blockchain-based infrastructure. But the regime is being discussed as part of a package of 18 financial bills, prompting concerns that the legislative process could drag on.
The companies said carving out the DLT rules would accelerate changes to the framework and help enable a functioning market. They also called for raising the transaction cap to 150 billion euros and eliminating license expiry dates.
The European Commission, however, is understood to prefer advancing the entire legislative package at once, including the DLT regime. That approach aligns with its broader policy goal of channeling financial-market capital flows into investment.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
