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The EU ’s Supervisory and Regulatory Strategy on Digital Assets from the Perspective of Financial Security

发布时间:2020年05月28日 15:54  

Authors: SONG Shuang, LIU Penghui, CHEN Xiao

Source: Chinese Journal of European Studies, Vol.38, No.2, April 2020


Abstract: Digital asset innovation brings not only opportunities to the EU ’s financial sector,but also challenges to its financial security.Along with the progress from virtual currencies ( crypto currencies) to virtual assets ( crypto assets) and then to global stablecoins, the financial security risks faced by the EU have been transformed from the threats of money laundering / terrorist financing to the regional security to the adverse impacts on the stability of financial system,and then to the challenges to monetary sovereignty and payment sovereignty. In the process of digital asset supervision and regulation,the EU has adequately weighed the innovation benefits and the security risks.With regard to the financial system stability,the EU has strengthened supervisory and regulatory measures step by step. As to the financial sovereignty security,the EU has decided to accelerate the promulgation of regulations on global stablecoins and to promote its own digital currency solutions. In the field of other security interests related to financial transactions,the EU has decisively legislated against the terrorist financing activities that utilize digital asset transactions.



Editor: Huang Dong

Editor in charge: Liao kai


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