Gate News message, April 21 — Thirty-nine digital finance providers, including major exchanges and fintech associations from six European nations, are urging the European Commission and European Parliament to expedite a review of the DLT pilot regime as standalone legislation.
The signatories, which include Boerse Stuttgart Group, a major exchange, and fintech associations from France, Spain, Italy, Hungary, and Poland, are requesting that the DLT pilot regime be carved out from the EU’s Market Integration and Supervision Package (a comprehensive regulatory framework for financial markets and digital assets).
The move reflects concerns that Europe risks falling behind the United States in digital finance competitiveness if regulatory clarity on distributed ledger technology is delayed.
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