Fabio Panetta UPS Digital Action Fabio Panetta

ECB extends oversight of electronic payments to digital wallets and crypto-assets

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The framework will also cover crypto-asset-related services, such as the acceptance of crypto-assets by merchants within a card payment scheme and the option to send, receive or pay with crypto-assets via an electronic wallet.“The retail payments ecosystem is evolving fast owing to innovation and technological change.

This calls for a forward-looking approach in overseeing digital payment solutions,” says ECB Executive Board member Fabio Panetta.

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