The European Commission recognises the importance of legal certainty and a clear regulatory regime in areas pertaining to blockchain-based applications.
The EU strongly supports a pan-European framework and hopes to avoid legal and regulatory fragmentation. With the view to increase investments and to ensure consumer and investor protection, the Commission on 24 September adopted a comprehensive package of legislative proposals for the regulation of crypto-assets, updating certain financial market rules for crypto-assets, and creating a legal framework for regulatory sandboxes of financial supervisors in the EU for using blockchains in the trading and post trading of securities.
Source: ec.europa.eu
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