EU to introduce cryptocurrency asset system before 2024

 EU to introduce cryptocurrency asset system before 2024

By 2024, the EU should establish a comprehensive framework to enable the financial sector to adopt DLT and cryptocurrency assets. And, it should also be able to deal with the risks associated with these technologies, the EU document said

The document said the instant payment system should become the new normal by the end of 2021. In addition to the traditional credit card transfer, instant payment can also be used for many other purposes, especially offline and online shopping. At present, such shopping is mainly dominated by the payment card mode.

The European Union has long sought alternatives to local growth to replace MasterCard and visa. At present, the European Union region uses a large number of services provided by American payment companies.

The Commission will assess the impact of charging consumers for instant payments, which may require fees to be no higher than those charged for regular credit transfers. (Tianmen Mountain)

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