Policy Work
We work with policymakers, academics and our member companies to develop a European regulatory framework to support and promote blockchain-based innovation.
Topics we are actively following include the proposed EU Regulation on Markets in Crypto-Assets (MiCA), the creation of central bank digital currencies (CBDCs) such as a digital Euro, the proposed anti-money laundering review (AML VI), digital assets taxation, the EU Data Strategy, the forthcoming EU legislative proposal on artificial intelligence (AI), and emerging discussions on Decentralised Finance (DeFi) and self-sovereign identity (SSI).
Find out more about our latest position papers and thinking here.
Joint industry letter on the application of PSD2 provisions to EMT transactions – July 2024
On 19 July 2024, BC4EU co-signed together with other associations a joint-industry letter requesting the European Commission to consider the distinctions between different transfers of EMTs and provid...
BC4EU Letter to ESMA on order routing limitations for broker-dealer business models
On 12 July 2024, BC4EU sent a letter to ESMA urging it to reconsider its intention to issue an opinion suggesting potential limitations to order routing, which would potentially limit the possibility...
ESMA’s consultation on certain requirements in MiCA on detection and prevention of market abuse, investor protection and operational resilience
On 26 June, BC4EU submitted its response to ESMA's consultation on on certain requirements in the Markets in Crypto Assets Regulation (MiCA) on detection and prevention of market abuse, investor prote...
BC4EU Response to ESMA’s Consultation on the Classification of Crypto-Assets as Financial Instruments
On 26 April, BC4EU Responded to the European Securities and Markets Authority (ESMA)'s consultation on the classification of crypto-assets as financial instruments under MiCA...
BC4EU Response to ESMA’s Consultation on Reverse Solicitation
On 26 April, BC4EU submitted its response to the European Securities and Markets Authority (ESMA)'s consultation on guidelines under Markets in Crypto Assets (MiCA) on reverse solicitation....
Joint Industry Letter on Application of PSD provisions to EMTs as defined under the MiCA Regulation
Together with other associations, we published a joint letter to urge the European Commission to clarify the application of the Payment Services Directive1 (PSD), to electronic money tokens (EMT) and...
MiCA Level 2 – BC4EU Response to ESMA Consultation on sustainability indicators for crypto-assets
On 14 December 2023, BC4EU submitted its response to ESMA's consultation on its draft RTS for MiCA's sustainability indicators for crypto-assets. Our association's members focused on stressing the nee...
BC4EU Response to IOSCO Consultation on DeFi
On 19 October 2023, BC4EU responded to IOSCO's Consultation on Decentralised Finance highlighting how the lack of a common understanding globally about DeFi and clear definitions means the Recommendat...
BC4EU high level response to the ACPR Consultation on DeFi
On 2 June 2023, Blockchain for Europe submitted its response to the ACPR Consultation on DeFi, welcoming the substantive research of the paper and suggesting some high-level comments to build a constr...
BC4EU Position Paper on AML Regulation
BC4EU welcomes the swift progress made by EU institutions in developing the new AML framework. However, this paper presents specific recommendations to support the development of a coherent, transpare...
Joint industry letter on Data Act
BC4EU signed a joint-industry letter on the Data Act urging EU policymakers to change the definition used of 'Smart Contracts' and avoid unintended consequences for the smart contracts deployed on pub...
BC4EU Response to European Commission consultation on DAC8 proposal
On 27 March 2023, BC4EU submitted a response to the public consultation opened by the European Commission on its proposal for a Directive on Administrative Cooperation (DAC8)....
Blockchain Regulatory and Policy Timeline
Blockchain for Europe's timeline of Policy and Regulatory initiatives at the Global, EU and National level....
BC4EU Guiding principles on how to approach final phase of MiCA trilogue
This list of key principles is meant to support policy-makers in their sanity check of the Markets in Crypto-Assets (MiCA) Regulation, during the second political trilogue on 18th May and beyond....
BC4EU response to the European Commission’s AML package
BC4EU's position paper on the European Commission's proposals for a Regulation on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, and a R...
BC4EU response to the Draft updated FATF Guidance for a risk-based approach to virtual assets and VASPs
Blockchain for Europe's feedback on the draft FATF Guidance, and a number of alternative ideas that are designed to leverage blockchain technology instead of eroding the benefits of disintermediation....
Blockchain for Europe – Making MiCA a success for Europe
Blockchain for Europe's position paper on the European Commission proposal for a Regulation on Markets in Crypto-Assets (MiCA)....
The Future of Payments in a DLT-based European Economy: A Roadmap
The paper provides a roadmap for the future of payments in a Distributed Ledger Technology oriented European economy....