Distributed Ledger Technology is the future of finance, both digital and traditional. Thanks to this innovative technology, payments could be made cheaper, faster and more efficient. The Markets in Crypto Assets (Mica) proposed by the European Commission in 2020 represents the opportunity to build upon current legislation and create a forward-looking policy framework for these technologies to develop and be adopted at a large scale. This would ensure economic growth, uptake by SMEs and positive spillovers for the entire ecosystem.
Current regulation should provide guidelines that empower entrepreneurs to create and innovate, to promote European competitiveness and create global standards for these upcoming technologies. How can we promote European leadership in the future of innovation and growth?