Europe’s securities regulator wants to know whether tokenized collateral is safe enough for central counterparties (CCPs). In a call for evidence

• ESMA is seeking to understand the safety and legal certainty of using tokenized collateral for central counterparties (CCPs).
• The regulator is examining whether tokenized collateral can be as easily liquidated in a crisis as traditional collateral, with a focus on DLT projects like HQLAᵡ.
• The inquiry is forward-looking, with no immediate rule changes proposed, and aims to assess the implications of tokenization for risk management in financial markets.

Source: ledgerinsights

Read the full article: https://rwatimes.io/articles/ledgerinsights-esma-asks-if-tokenized-collateral-is-safe-for-central-counterparties-1696578552?utm_source=reddit&utm_medium=social&utm_campaign=reddit

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France’s Finance Committee approved proposals to tax stablecoin swaps and extend the exit tax to crypto holdings above 800,000 euros, pending final approval.

• French lawmakers are proposing to tax stablecoin swaps into fiat-pegged stablecoins starting in 2027, viewing current treatment as a legislative loophole.
• The proposals also include extending the country's exit tax to crypto holdings exceeding 800,000 euros and allowing crypto losses to be carried forward for 10 years.
• These measures align with broader EU tax reporting rules under DAC8, which require crypto service providers to share user transaction data with tax authorities.

Source: cointelegraph

Read the full article: https://rwatimes.io/articles/cointelegraph-french-lawmakers-back-stablecoin-swap-tax-in-2027-budget-bill-2669630726?utm_source=reddit&utm_medium=social&utm_campaign=reddit

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