currency taskforce

On 10 May 2022, the European Commission’s Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) launched a targeted consultation on the review of the revised Payment Services Directive (PSD2). The following points and questions regarding the crypto industry were included:

  • Whether payment transactions using crypto-assets (including stablecoins) should be added to Annex I of the PSD2, and thus be considered as a payment service under PSD2.
  • Whether PSD2 is applied consistently, and aligned with other EU policies and legislation, among others, the Commission proposal for a Regulation on Markets in Crypto-assets (MiCA).