Adan is answering the European Commission’s consultation on the next revision of the rules applicable to the fight against money laundering and the financing of terrorism (LCB-FT), scheduled for January 2021. The Association takes a general position on this occasion.
In response to the FSB consultation on stablecoins, Adan insists on the abandonment of the concept of GSC, the opportunities offered by stablecoins for the crypto ecosystem and the entire financial system, and the need to define a dedicated, adapted and proportionate regulatory framework.
In April 2020, the European Commission launched a major consultation with the “Fintech” industry with a view to reviewing and updating – by the third quarter of 2020 – its strategy on “Digital Finance”. Within Fintech, digital assets offer promising prospects for financial innovation.
In response to the Competition Authority’s investigation (Autorité de la concurrence), Adan reports on the persistent blockages encountered by the crypto industry with banking institutions and warns of the danger of such inertia, particularly with the COVID crisis19 .
ADAN (Association pour le développement des actif numériques) drafted a comprehensive answer to the EU Consultation on crypto-assets. The Association is thankful to the European Commission for this opportunity to express its views on the status of the crypto-assets industry and its future, but also on the way the EU regulation on crypto-assets should be tailored.
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