European Commission Announces Proposals in Fintech Action
Plan
On 8 March 2018, the European Commission published a Fintech
Action Plan for a more competitive and innovative European
financial sector.
The Action Plan has three main objectives:
- to support innovative business models to scale up across the
single market;
- to encourage the uptake of new technologies in the financial
sector; and
- to increase cybersecurity and the integrity of the financial
system.
The Action Plan sets out a number of proposals to advance these
objectives, including in the areas of crowdfunding and initial coin
offerings (or ICOs):
Crowdfunding
The Commission has announced a proposal for the introduction of
an EU Regulation in the area of crowdfunding.
