Fractured Regulations Hampering EU Fintechs, Report Claims

A new report to the European Commission has laid out a number of steps to be taken to further level the playing field for fintechs in the EU.

The Expert Group on Regulatory Obstacles to Financial Innovation (ROFIEG) published its report to the commission last Friday, detailing what it saw as the missing pieces in European law.

Covering areas from virtual currencies to artificial intelligence, the report highlighted what it perceived as a still fractured regulatory regime across the continent.

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