DCGG represents the interests of the digital asset ecosystem and advocates for an innovation-friendly regulatory environment that ensures safety for all market participants.

DCGG seeks to facilitate an open dialogue and encourages communication between political representatives and digital currency experts to ensure that legislation supports both political objectives and innovation in the digital-asset space. To this end, DCGG regularly engages with policy-makers and regulators both at the EU and national level.

DCGG represents a broad spectrum of stakeholders in the digital asset ecosystem. Our founding Members include Tether – currently the largest stablecoin issuer worldwide, Hermez – a pioneer in Layer 2 technology for scaling payments, Bitfinex – a digital assets exchange.

Future-proof regulations

DCGG’s mission is to ensure that any and all digital asset-related regulations or policies support rather than stifle technology, innovation and growth. DCGG advocates that any policy or regulatory framework should ensure:

Future-proof regulatory environment
Harmonized supervision and single rulebooks
High level of consumer protection
Regulatory clarity
High data protection and security standards

Regulatory framework

Unlocking new possibilities

Currently, there are thousands of unique digital currencies circulating worldwide and the number of Blockchain wallets has been growing steadily. Central banks across the world are researching and experimenting with specific use cases for blockchain and DLT, exploring where they can potentially unlock new possibilities with central bank digital currencies (CBDCs) and improve inefficient processes.
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Regulatory framework

DCGG’s mission is to ensure that any and all digital asset-related regulations or policies support rather than stifle technology, innovation and growth. We strongly believe that by welcoming the digital assets ecosystem in the EU, the subsequent innovation and increased competition will present opportunities and benefits for EU businesses, consumers and the broader financial system.

DCGG supports the EU’s Digital Finance Strategy and the accompanying legislative proposals that seek to ensure a robust EU financial sector, which services to modernise the European economy and give consumers access to innovative financial products, while ensuring consumer protection and financial stability.

DCGG advocates that any policy or regulatory framework should ensure:

Future-proof regulatory environment:

Any regulatory framework should be technology-neutral to ensure that the legislation is future-proof. This allows for innovation to occur in the market while ensuring safety and security for consumers. Well-developed and future-proof regulation for the next wave of innovations could make the EU the most prosperous and advanced digital economy, which is vital for the digital asset industry, consumers and economy. In essence, it would welcome innovation in Europe while regulating the market, providing customer protection and incentivizing crypto asset businesses to comply with clear and effective regulation.

Harmonised supervision and single rulebooks:

DCGG favours a single supervisory approach harmonised at the EU level. A harmonised regulatory framework ensures that there is no regulatory gold-plating at the national level and allows companies to easily scale-up and provide services across borders. Digital-native markets, such as those of digital assets, are cross-border in their nature, thus a harmonised regime is essential.

High level of consumer protection:

EU citizens should enjoy a high level of consumer protection from unfair, deceptive and fraudulent business practices. At the same time, consumer education is indispensable to ensure good consumer outcomes, as opposed to an overload of information due to legislation.

Regulatory clarity:

DCGG Members welcome the ability to protect their customers without regulatory ambiguity or divergence across the EU Member States. With regulatory certainty guaranteed, digital asset businesses have a clear framework of what is expected of them, thus benefiting the EU marketplace and safeguarding consumer protection.

High data protection and security standards:

Ensuring the highest data protection standards for consumers is vital. DCGG advocates for innovative and advanced cryptographic technologies, such as Zero-Knowledge Proof (ZKP). ZKP facilitates high AML/CFT and KYC standards and compliance objectives while complying with GDPR and reducing the possibility of data leakage or hacking. Furthermore, it can help to ensure resilience and security against cyberattacks or similar threats. DCGG advocates for principle-based and technology-neutral regulation based on incentives rather than penalties to encourage the industry to develop new and efficient ways to reduce security risks.

Industry perspective

The incremental pace at which this area of innovation is evolving brings new possibilities and the potential to improve inefficient processes whilst widening financial inclusion, fulfilling otherwise unmet demand, rooting out illicit finance, delivering faster, cheaper cross-border transactions and distribution, as well as broadening competition.

This innovative vitality, coupled with the emergence and spread of tokenisation, is ushering in a new wave of opportunities, allowing for the creation of a more inclusive and efficient financial system, as well as a new line of professions and services. Markets based on tokenized assets have the potential for a cheaper, more agile and secure infrastructure compared to traditional markets, higher levels of automation of the asset lifecycle, more transparency and greater accessibility.

This represents a remarkable shift towards decentralisation and the creation of innovative business models. With the traditional market infrastructure now steadily adapting to the new ‘token economy’, engagement and open dialogue will be key to answering critical issues, harnessing change, planning for the future and adapting to the realities that will thrive.

The Digital Currencies Governance Group aims at informing political representatives, European institutions, national parliaments, special interest groups and the general public of the numerous revolutionary innovations that digital currencies bring to the financial world. Against the backdrop of a thriving ecosystem, the broader potential and the secure, reliable, easy-to-use, low-cost borderless nature of digital currencies make it an incredibly attractive prospect.

Innovation in the digital assets space is moving at a fast pace. The growth and use of financial transactions on Distributed Ledger Technology (DLT) are likely to continue accelerating and fundamentally transform the payments industry both domestically and internationally within the coming years. There will be substantial gains for those regulatory systems that adopt and provide the most successful regulatory regimes and infrastructure.

Management team

To achieve our goals, we at DCGG rely on a team of digital currencies experts, experienced regulatory and legislative lawyers, strategic communication consultancies and the experience and expertise of the industry we represent.

Collaborating to strengthen the voice of the digital assets community

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Who we are

Future-proof regulations

Unlocking new possibilities

Regulatory framework

DCGG advocates that any policy or regulatory framework should ensure:

Future-proof regulatory environment:

Harmonised supervision and single rulebooks:

High level of consumer protection:

Regulatory clarity:

High data protection and security standards:

Industry perspective

Management team

Francesca Salierno

Jörn-Jakob Röber

Joshua Townson

Mina Iotova

Adelina Gerenska

Joana Bozhilova

Collaborating to strengthen the voice of the digital assets community