Speakers
Objectives
This session aims to discuss progress and challenges in the regulation of cryptoassets both at EU and global level, as well as emerging trends in the crypto market that need to be considered from a policy perspective.
The session will first take stock of the introduction of EU measures on asset-referenced and e-money tokens (ARTs and EMTs) in June 2024, identify potential issues that still need to be addressed with regard to the rules for cryptoasset service providers (CASPs) and other cryptoassets to be implemented by the end of 2024, and assess the evolution of crypto regulation at the international level and possible consistency issues. The panel will then discuss future policy priorities in the crypto market, identifying possible gaps in current regulation and emerging trends in the market that may require policy attention.
This session will focus on the regulation of cryptoassets, CASPs and cryptoasset activities. It will not cover the broader use of underlying technologies in traditional finance, such as blockchain, tokenisation and smart contracts, as these topics will be covered in other sessions of the Budapest Forum.
Points of discussion
- Progress and international consistency of crypto regulation: What are the lessons learned from the implementation of the first set of MiCAR requirements in June 2024? What issues remain to be addressed for the implementation of the remaining MiCAR requirements? How does MiCAR align with regulations in other jurisdictions, and is there sufficient international consistency in crypto regulation?
- Future policy priorities in the crypto market: Are there significant gaps in the scope covered by MiCAR? Are there new developments in the crypto market that may require further policy intervention beyond the scope of MiCAR? Do crypto activities pose financial stability risks that need to be addressed?