Europe’s digital asset landscape: Lords, links, and limits

Homepage > News > Business > Europe’s digital asset landscape: Lords, links, and limits Digital asset regulation in Europe was back in the spotlight as the United Kingdom House of Lords voted for a comprehensive digital asset strategy, despite government objections and the incoming authorization/supervisory regime. U.K. Lords vote for digital asset strategy ESMA flags growing crypto finance risks Industry calls for higher DLT cap Meanwhile, across the channel, the European Union’s top finance watchdog warned of market vulnerability related to growing digital asset links, just as industry advocates attempted to persuade EU lawmakers to increase or remove a proposed €100 billion cap ($116 billion) on DLT financial instruments. UK Lords vote for digital asset strategy The U.K. House of Lords—the upper house of parliament—has voted in favor of an amendment requiring the government to develop a cross-government digital assets and digital financial infrastructure strategy, beyond the U.K. Financial Conduct Authority’s (FCA’s) incoming authorization and supervision regime, due to come into effect in October 2027. In a 194–138 vote on September 9, the Lords backed the amendment to...