The Association for Financial Markets in Europe (AFME) releases a new report on crypto regulation
|- The AFME, Association for Financial Markets in Europe, has provided its recommendation on crypto regulations.
- Achieving the convergence of regulatory frameworks with global and regional initiatives should remain a top priority.
The Association for Financial Markets in Europe (AFME), has published a new report with its recommendation on crypto regulation.
A new report by the AFME, sets out five recommendations for achieving supervisory convergence in regulating crypto assets across the bloc.
They believe that a pan-European crypto-asset classification scheme needs to be established, that can foster a common understanding of various terms and activities relating to crypto-assets in financial services.
AFME’s managing director and head of technology, James Kemp, said:
There has been a rapid rise in the development of crypto-assets, however, to realise those benefits, it is increasingly important that crypto-asset regulation is coordinated at the regional and global level to foster innovation while promoting financial stability and ensuring a level playing field.
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