Senior leaders from central banks, regulatory bodies, global financial institutions and fintechs met at a closed-door policy exchange meeting this week at Money 20/20 Europe to discuss the future of digital asset regulation.
The roundtable event was designed to inform solutions to overcome the ongoing frustrations with regulatory fragmentation which could hinder blockchain adoption.
Alexandre Kech, chief executive officer of the Global Legal Entity Identifier Foundation (GLEIF), explained that the need for scalable and privacy-preserving compliance mechanisms has never been greater due to the growing complexity of digital asset markets.
“This roundtable convened leaders across the public and private sectors to explore how verifiable credentials and decentralised identifiers can transform compliance practices.
“It marks a crucial step in building consensus among industry leaders, regulators, and technology innovators.”
The digital assets roundtable was one in a series of themed discussions laid on by the event hosts and included participants from the Bank of England, Bank of Finland, Banque de France, Citi, the Financial Conduct Authority, SWIFT, VISA and the UK government.
With a focus on interoperability, user privacy, and practical deployment, the digital assets discussion addressed critical questions around governance, and regulatory alignment.
In the hours after the event, exhibitors on the conference floor, echoed the need for regulatory co-operation at an intergovernmental level.
Suzy Pallett, executive vice president of Money20/20 said: “We understand that harmonisation across European markets doesn’t mean imposing identical solutions everywhere.
“This Policy Exchange represents the beginning of a collaborative journey built on confidence, shared vision, and dedication to developing a more integrated, protected, and accessible fintech landscape throughout Europe.”
