Afme calls for pan-European crypto-asset taxonomy

Industry body urges EU lawmakers and stakeholders to become leaders in delivering common regulatory framework for digital assets

crypto-coins
Digital assets: Afme provided four recommendations to help EU and global regulators establish a common playing field for regulating crypto

The Association for Financial Markets in Europe (Afme) wants the financial services industry to adopt a pan-European crypto-asset taxonomy to act as the first step in achieving a common European Union regulatory framework.

The industry body, which represents firms in the European wholesale market, says a harmonised taxonomy would provide an equal understanding of crypto assets for the EU bloc, and enable firms to collaborate and engage in trading digital assets more easily.

“One of the key

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