Regulation seeks to encourage trust in digital assets
Digital assets are the talk of the Luxembourg financial centre and across Europe, with Mairead McGuinness, the European commissioner for financial services emphasising how the financial sector digitalisation can provide better access to products and services. New regulation is on the way to allow providers to build up the trust they need to overcome the negative publicity that has been attached especially to cryptocurrencies.
Companies active in Luxembourg are at the forefront of harnessing digital assets in service of the financial industry.
Luxembourg’s crypto opportunity demands a collective move
There’s a strong level of interest in crypto finance in Luxembourg’s financial centre, according to a survey carried out by the Luxembourg House of Financial Technology and PwC. The Grand Duchy nevertheless has yet to develop the necessary infrastructure to be a leading crypto finance centre.
The survey, entitled “Crypto-assets: Paradigm shift or short-term trend?” was carried out in the last quarter of 2021 and was presented on Wednesday at a Luxembourg event hosted by PwC.