EUCI June Recap
European Crypto Initiative
Propelling Europe towards the future of finance and #CryptoRegulation
Dear EUCI friends,
Welcome to our monthly recap! In this edition, we talk about our upcoming Institutional Digital Assets Forum (IDAF) event, regulatory updates by the EU Council and the European Banking Authority (EBA), publications by the European Securities and Markets Authority (ESMA) and the FSB Regional Consultative Group for the Americas. Also featured are recent updates on our participation at events and media appearances.
Join us at the Institutional Digital Assets Forum
We are thrilled to co-organise the Institutional Digital Assets Forum (IDAF)?in Brussels next week, in partnership with Bpifrance , Ethereum France , Impact Plus , and Xavier Lavayssière .
This 4-day event will provide deep insights and strategies in digital finance. Here’s a glimpse of what’s in store:
The Institutional Digital Asset Forum will take place from 8 to 11 July 2024 at the prestigious Palais de Charles de Lorraine. This central location, meters away from one of the largest European blockchain events, provides an ideal setting for participants to immerse themselves in the enriching atmosphere of the event, surrounded by individuals who are passionate about the future of digital assets.
Join our Future Web3 Experts – Summer School of Law
This unique event is designed to bridge the blockchain knowledge gap for law students and young legal professionals, equipping them with the skills to navigate the legal landscape of decentralised technologies.
What you'll get:
This summer school is FREE for all students and young legal professionals. Spots are LIMITED, so make sure to secure your place today!
Regulatory Rundown
1?? The EU Council has adopted reforms to align with Basel III standards, strengthening EU banks against economic shocks and preparing for green and digital transitions. We talked about the key changes here.?
2?? The European Securities and Markets Authority (ESMA) released a report under MiCA, focusing on better alignment with EBA rules, managing and disclosing conflicts of interest, and new guidelines for crypto-asset services. Here are the highlights.?
3?? The European Banking Authority (EBA) shared important measures regarding conflicts of interest, governance arrangements, and remuneration policies for asset-referenced tokens and e-money token issuers, ensuring robust risk management. Find the final reports?and our TL;DR.
4?? The FSB Regional Consultative Group for the Americas discussed critical topics such as deposit insurance, macro-financial risks, crypto-asset regulation, and third-party risk management. We summarised the key points,?but you can access more details here.?
5?? The European Banking Authority (EBA) published a significant package of technical standards and guidelines under MiCA. This final step brings clarity to several key areas, including Reporting & Templates, Liquidity Stress Testing, and Supervisory Colleges. Read more about the specifics of the final reports?or our summary.
Latest News from EUCI
?? We partnered with L?tzBlock - Luxembourg
We’re thrilled to be partnering with L?tzBlock - Luxembourg !?Committed to connecting, educating, informing, and inspiring through various initiatives, their proactive approach aligns perfectly with our mission to bring clarity and informed discussions to crypto regulation.
领英推荐
?? EUCI is a proud supporter of the Web3 Leaders Forum and EpicWeb3
We're proud to announce that EUCI's an institutional partner at the Web3 Leaders Forum by Adan (Brussels, July 10th) for an opportunity to meet with leaders from traditional financial institutions, regulators, policymakers, and opinion leaders in the field of crypto-assets.?
?? Register with a special discount using code EUCI50
We are also happy to be partnering with Epic Web3 and help spread the word about their L2con (Brussels, July 9) during EthCC!
It's an event you won't want to miss: 55+ speakers, 700+ attendees ready to network, 5 insightful panel discussions, and Speed networking for developers. This is an amazing chance to explore the advancements in ETH Layer 2 technology and connect with some of the biggest names in crypto.
Events Highlights
??? If you missed our LinkedIn Live on stablecoins, catch up with our highlights to understand how payment services are regulated in the EU and what MiCA mean, especially for e-money tokens. With Dimitrios Psarrakis (Co-Founder at ValueVerse - Digital Finance Strategy Group and Member Board of Directors of the Global Blockchain Business Council (GBBC) ) and Jonathan Galea (Partner at BCAS ).
??? We participated in an engaging session on MiCA regulation, DAC8, and AML regulations at the Policy Lab event 6.6 during the Belgrade Blockchain Week.
??? Our senior policy lead, Vyara Savova, LL.M., Ph.D.—to—be , shared insights on privacy, blockchain and crypto regulation at ETH Belgrade and soaked in so many great ideas.?Big thanks to everyone who shared their insights and made it a memorable experience!
??? Our Vyara Savova, LL.M., Ph.D.—to—be shared her findings on "Navigating Privacy in Crypto: Current Challenges and (Future) Solutions", and had an insightful discussion with paper discussant Gabriel R. Bizama and other fellow experts during the Economics of Financial Technology Conference 2024.
EUCI in the Media
Brussels rolled out its landmark MiCA regulation. While this could bring legal credibility and mainstream acceptance to the crypto space, smaller companies might struggle to comply. Our Executive Director Marina Markezic commented:?
"A lot of companies will not have the capability of being compliant. Very small startups and innovative companies will probably limit their activities in the EU.”
With elections this June, the emerging political landscape will lead to many changes, including ones affecting the crypto industry. EUCI's Executive Director Marina Markezic shared more about it:?
“This political shift might lead to the adoption of the generally counter-status quo rhetoric of the crypto industry by representatives from the (far) right, presenting a new and unexpected ally for the crypto advocacy topics in Brussels and Strasbourg.”
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Thank you for reading and supporting us!
Team EUCI