French and Italian regulators jointly submitted recommendations for the application of Distributed Ledger Technology to the EU.

2025-04-09 15:43:54

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[France, Italy Regulatory Authorities Jointly Submit Distributed Ledger Technology Application Recommendations to the EU] The French Financial Markets Authority (AMF) and the Italian Securities and Exchange Commission (CONSAB) jointly submitted recommendations to the European Commission regarding the application of Blockchain and Distributed Ledger Technology (DLT). Two institutions pointed out that the EU DLT market infrastructure pilot program implemented in 2023 failed to meet its expected goals. To improve the program, suggestions include: establishing a more flexible regulatory framework to encourage experimentation; expanding the scope of the pilot and extending the duration of the program; raising the qualification and capital limits for infrastructure; expanding the range of eligible assets to include structured bonds and certain derivatives; strengthening the regulatory responsibilities of the European Securities and Markets Authority (ESMA); promoting interoperability between DLT infrastructure and traditional systems.

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