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.

ESMA’s consultation on certain requirements in MiCA on detection and prevention of market abuse, investor protection and operational resilience
27.06.2024

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 protection and operational resilience.
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BC4EU Response to ESMA’s Consultation on the Classification of Crypto-Assets as Financial Instruments
09.05.2024

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_
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BC4EU Response to ESMA’s Consultation on Reverse Solicitation
09.05.2024

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.
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Joint Industry Letter on Application of PSD provisions to EMTs as defined under the MiCA Regulation
05.03.2024

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 EMT services, which is anticipated by the MiCA Regulation2 (MiCA) to apply in June 2024. To this end, we stand ready to participate in a joint government-industry working group to develop a tailored means of achieving regulatory clarity.
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MiCA Level 2 – BC4EU Response to ESMA Consultation on sustainability indicators for crypto-assets
18.12.2023

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 need for ensuring that sustainability indicators remain fit for purpose, collecting from providers the most important and reliable data that is clear, transparent and easily comparable both for the competent authorities and for potential investors. Important aspect is also the need to account for the positive impact that a blockchain network can have on the environment, not only focusing on the negative externalities due to energy or resources consumed.
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BC4EU Response to IOSCO Consultation on DeFi
20.10.2023

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 Recommendations are not only unlikely to be effective, but might end up creating adverse consequences.
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BC4EU high level response to the ACPR Consultation on DeFi
02.06.2023

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 constructive dialogue.
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BC4EU Position Paper on AML Regulation
11.05.2023

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, transparent and fit-for-purpose anti-money laundering regime for the crypto-asset industry in the EU that would be fully aligned with other cornerstone regulations already adopted – the Transfer of Funds regulation (TFR) and Markets in Crypto-assets Regulation (MICA).
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Joint industry letter on Data Act
09.05.2023

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 public & permissionless blockchain networks.
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DAC8 Proposal – Consultation Feedback
27.03.2023

DAC8 Proposal – Consultation Feedback

We are happy to announce that we submitted our feedback to the European Commission's DAC8 proposal. In the spirit of actively participating in the development of European regulation on crypto and digital assets, we could not miss this opportunity to share our support and recommendations with the European Commission to ensure that the proposal does not hinder innovation in Europe. We want to thank Dr. Max Bernt, Chief Legal Officer of Blockpit for his invaluable work in organically gathering and combining input from our members and the International Association for Trusted Blockchain Applications (INATBA).
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Blockchain Regulatory and Policy Timeline
03.08.2022

Blockchain Regulatory and Policy Timeline

Blockchain for Europe's timeline of Policy and Regulatory initiatives at the Global, EU and National level.
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BC4EU Guiding principles on how to approach final phase of MiCA trilogue
19.05.2022

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.
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BC4EU response to the European Commission’s AML package
30.11.2021

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 Regulation on information accompanying transfers of funds and certain crypto-assets.
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BC4EU response to the Draft updated FATF Guidance for a risk-based approach to virtual assets and VASPs
22.04.2021

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.
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Blockchain for Europe – Making MiCA a success for Europe
11.03.2021

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).
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The Future of Payments in a DLT-based European Economy: A Roadmap
15.12.2020

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.
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