TechFlow, April 9 — According to Crowdfund Insider, the French Financial Markets Authority (AMF) and the Italian Commissione Nazionale per le Società e la Borsa (CONSAB) have jointly submitted recommendations to the European Commission regarding the application of blockchain and distributed ledger technology (DLT).
The two authorities noted that the EU's DLT Market Infrastructure Pilot Regime, implemented in 2023, has failed to achieve its intended objectives. To improve the program, they recommended: establishing a more flexible regulatory framework to encourage experimentation; expanding the scope and extending the duration of the pilot; raising infrastructure qualification criteria and capital thresholds; broadening the range of eligible assets to include structured bonds and certain derivatives; strengthening the supervisory responsibilities of the European Securities and Markets Authority (ESMA); and advancing interoperability between DLT infrastructures and traditional systems.
