THE BLOCKCHAIN AND VIRTUAL CURRENCIES WORKING GROUP

The Blockchain and Virtual Currencies Working Group (WG) is a group of industry representatives; the WG is registered in the European Transparency register under number: 635727423661-17

The Members of the Blockchain and Virtual Currencies Working Group (WG) adhere to the following Ethical Guidelines.

OUR MEMBERS

OUR AIMS

Educational/working with European regulators

We foster an industry-led conversation
We help to shape the regulation in a way that does not stifle innovation
We work with regulators; information sharing is fundamental to achieve balanced and forward looking regulation

To monitor

Which regulatory initiatives concern us?

To influence the EU regulators work

Can we help in drafting the content of such initiatives?

To advice internally on EU matters

Tool for each WG member General Counsel/ Compliance officer

OUR POSITIONING

Engage with:

The European Commission
The European Central Bank
The European Banking Authority
European Parliament
European Presidency of the Union
Key Member States Permanent Representations in the Council WG on Financial Services

In terms of AML policy:

EU AML rules shall be applied to digital currency exchange platforms equally
EU AML should not be applied to non-custodian software wallet providers
The WG wishes a risk based approach

Means:

Meetings with key EU regulators
Meeting with European Member States National Supervisory Authorities and key Government Officials
Position papers on digital currencies and the blockchain addressed to the regulators

Regulation if appropriate can:

Increase the credibility of industry
Increase customer confidence
Allow for a level playing field

IN THE NEWS TODAY

EBA Opinion on the ML/TF risks affecting the EU’s financial sector

EBA Opinion on the ML/TF risks affecting the EU’s financial sector

bcwg-admin2021-04-19T11:13:30+02:00March 3rd, 2021|Tags: AML/CFT, EBA, Risk|

The European Banking Authority (EBA) has published an Opinion on the risks of money laundering and terrorist financing [...]

ECON Draft Report on MiCA

ECON Draft Report on MiCA

bcwg-admin2021-04-19T10:45:06+02:00February 25th, 2021|Tags: Crypto-assets, ECON, European Parliament, MiCA|

The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has published the first Draft Report on the [...]

European Economic and Social Committee’s Opinion on MiCA and on the DLT Pilot Regime

European Economic and Social Committee’s Opinion on MiCA and on the DLT Pilot Regime

bcwg-admin2021-04-19T10:57:17+02:00February 24th, 2021|Tags: DLT Pilot Regime, EESC, MiCA|

The European Economic and Social Committee (EESC) has published an Opinion on the Commission's Proposal for a Regulation [...]

Sweden’s Financial Supervisory Authority publishes a report on financial instruments with crypto-assets as underlying asset

Sweden’s Financial Supervisory Authority publishes a report on financial instruments with crypto-assets as underlying asset

bcwg-admin2021-03-05T10:58:26+01:00February 22nd, 2021|Tags: Crypto-assets, Financial instruments, Sweden|

Finansinspektionen, Sweden's Financial Supervisory Authority (FSA), has published a Supervision Report on financial instruments with crypto-assets as underlying [...]