- Spain’s securities commission president decries the EU’s restrictive DLT framework.
- Carlos San Basilio suggests increasing or removing the DLT market cap ceiling.
- The European Commission has proposed increasing the ceiling to €100 billion.
Spain’s National Securities Market Commission (CNMV) president, Carlos San Basilio, thinks the EU’s regulation on distributed ledger technology (DLT) is restrictive. According to Basilio, the current EU DLT regulatory ecosystem focuses more on testing than on growth.
Basilio made the statement while speaking at the 9th edition of the ‘Digital Assets’ Forum organized by ‘El Confidencial’. He noted that DLT use in the region is marginal, citing only five firms registered under the current EU DLT system, one of them being Spanish. Basilio further noted that the EU’s regulatory framework caps the total market value of tok…
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