EU to host a roundtable on cryptocurrencies

Participants will discuss how EU institutions, supervisors and Member States should respond to the challenges posed by fast technological developments and seize the opportunities they offer

What has happened?

On Monday 26 February, the European Commission will host a roundtable on cryptocurrencies.

What does this mean?

Entitled "Cryptocurrencies - Opportunities and Risks", the roundtable will take place in Brussels under the chairmanship of Valdis Dombrovskis, Commission Vice-President in charge of Financial Stability, Financial Services and Capital Markets Union.

Participants will exchange views on how the EU institutions, supervisors and Member States should respond to the challenges posed by fast technological developments and seize the opportunities they offer.

The discussion will be organised around three themes: cryptocurrencies and their implications for financial markets, investor protection and market integrity in relation to cryptocurrencies as an emerging asset class and the potential and challenges posed by initial coin offerings.

Participants will include EU institutions, EU countries, supervisors, central banks, industry, academics and crypto entrepreneurs.

The Commission believes that cryptocurrencies and their underlying blockchain technology is affecting many sectors of the economy, including finance.

In this context, the Commission's goal is to ensure investor protection, market integrity and financial stability while taking full advantage of these new technological developments.

What happens now?

Vice-President Dombrovskis will brief the press on the outcome of the meeting in the Berlaymont VIP corner at 13:30pm CET and Europe by Satellite will transmit it live.

Next steps

If you want to take advantage of blockchain's huge potential and disruptive impact, while avoiding falling foul of ever-developing regulatory and legal requirements, visit our Hogan Lovells Engage Blockchain Toolkit.

Contacts
John Salmon
Partner
London

 

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