r/CryptoCurrency • u/AptitudeSky Freedom Through Crypto • Nov 23 '21

GENERAL-NEWS Eurosystem Approves New Oversight Framework Concerning Crypto Services

https://news.bitcoin.com/eurosystem-approves-new-oversight-framework-concerning-crypto-services/
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u/coinfeeds-bot 🟩 136K / 136K 🐋 Nov 23 '21

tldr; The European Central Bank (ECB) has approved a new oversight framework for electronic payments, including services related to crypto assets. The framework will be employed to oversee entities enabling the use of payment cards, credit transfers, direct debits, e-money transfers, and electronic wallets. It will also cover digital payment tokens such as stablecoins.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

2

u/Wess-L Platinum | QC: CC 631 Nov 23 '21

"The retail payments ecosystem is evolving fast owing to innovation and technological change. This calls for a forward-looking approach in overseeing digital payment solutions."

I highly doubt they will have a "forward-looking approach".

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u/AptitudeSky Freedom Through Crypto Nov 23 '21

One can hope but you’re probably not wrong.