The European Commission has set out plans to harmonise national regulators’ approaches to and understanding of fintech, part of an ambitious programme of reforms aimed at supporting innovation in the emerging sector.
Commission vice presidents Valdis Dombrovskis and Jyrki Katainen are set to unveil action plans on fintech and sustainable finance, as well as legislative proposals on crowdfunding, in Brussels this morning.
The fintech plan is aimed at helping innovative firms achieve scale across national borders within the EU, to remove barriers slowing uptake of new technologies — not least blockchain — and to increase cyber-resilience across the burgeoning industry.
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