Europe Unveils Fintech Action Plan

European Commission seeks to build EU fintech lab, promote blockchain and review rules in light of emerging tech.

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The action plan was published on March 8 by the European Commission (EC). It contains 23 different steps designed to cover a broad swath of the nascent fintech sector, from the development and promotion of blockchain technology through to information sharing in cybersecurity and aligning standards between member states.

In addition to the fintech action plan, the EC also released proposals regarding crowdfunding—for which EU-wide “passports” were suggested—and sustainable finance.

“To compete

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