This week, the Financial Stability Board (FSB) published its reports on High-level Recommendations for the Regulation, Supervision and Oversight of Global Stablecoin Arrangements, and for the Regulation, Supervision and Oversight of Crypto-asset Activities and Markets. The initial consultation was conducted under the mandate of the G20. The FSB is an international standard-setting body and the […]
Today, the joint consultation by the Bank of England and HM Treasury on a retail central bank digital currency – the so-called ‘digital pound’ – is officially closing. DCGG strongly supports the initiative to consult with private sector representatives and industry experts on the potential design of the digital pound – a crucial step in […]
Today, June 29th, the European Banking Authority officially closed their consultation on their draft amending risk-based supervision guidelines in relation to AML/CFT supervisors of CASPs under the AML Directive. The Digital Currencies Governance Group welcomes the EBA’s proposals to include CASPs in the supervision guidelines under the AMLD in order to adequately reflect the realities […]
EU Parliament and Council reached on 27 June a trilogue agreement on the Data Act. The web3, blockchain and crypto industry and associations, including DCGG, have raised concerns on the potential unintended negative consequences for the developments of smart contracts. (see open letter). DCGG stands ready to support the technical work going forward to […]
As the EU Data Act negotiations near conclusion, the blockchain industry unites, urging regulators to address the concerns of the industry as the current wording poses real risks. There’s still time for change. We’re hopeful for a favorable outcome. Join us here: https://data-act.info
Last week’s adoption of the three EU proposals on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) – the AML Regulation, the sixth AML Directive (AMLD) and the regulation establishing an EU-wide AML Authority (AMLA) – by the Economic and Monetary Affairs Committee of the EU Parliament are a step closer towards achieving a […]
Today, the European Parliament enters Plenary discussions to approve its positions on MiCA and the TFR. DCGG’s members, and the crypto-asset industry at large, will have to comply once these frameworks are officially enforced in order to (continue to) provide services to EU customers. We welcome the progress made throughout the legislative development and hereby […]
Consultation Summary. For our full response, please head over to our Consultation Responses section. In February 2023, HM Treasury issued a consultation and call for evidence on the regulatory framework for cryptoassets in the financial services sector. This closed recently with a number of industry stakeholders, including Digital Currencies Governance Group (DCGG), submitting responses. […]
Consultation Summary. For our full response, please head over to our Consultation Responses section. In February 2023, HM Treasury issued a consultation and call for evidence on the regulatory framework for cryptoassets in the financial services sector. This closed recently with a number of industry stakeholders, including Digital Currencies Governance Group (DCGG), submitting responses. […]
Today, the European Parliament enters Plenary discussions to approve its positions on MiCA and the TFR. DCGG’s members, and the crypto-asset industry at large, will have to comply once these frameworks are officially enforced in order to (continue to) provide services to EU customers. We welcome the progress made throughout the legislative development and hereby […]