Article summary
The Financial Markets Law Committee (FMLC) has published its response to the European Commission’s consultation on an EU framework for markets in cryptoassets. The FMLC’s response is set out in two complementary reports. Part I comprises comments on the classification of cryptoassets. Part II comprises comments—gathered with the advice of members of the Fintech Scoping Forum—in response to the section of the consultation dealing with cryptoassets which fall within the EU regulatory perimeter.
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