8 Amendments of Kaja KALLAS related to 2016/2007(INI)
Amendment 2 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Points out that the VC industry and the VC technology are innovative technologies and are being developed not on the basis of existing infrastructures;
Amendment 4 #
Draft opinion
Paragraph 2
Paragraph 2
2. Recognises the potential benefits associated with VCs for consumers, businesses, charities and the economy at large, which include greaterenhanced speed and efficiency and reducedlow costs in making payments and transfers, in particular across borders, and potentially promoting financial inclusion;
Amendment 8 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
Amendment 15 #
Draft opinion
Paragraph 3
Paragraph 3
3. AcknowledgNotes that VCs could present risks in relation to criminal activities such as money laundering and tax fraud; notes, however that traceability of cash transactions tends to be much lower than VCs, highlights that there is little evidence that VCs have been widely used as a payment vehicle for criminal activity;
Amendment 19 #
Draft opinion
Paragraph 4
Paragraph 4
Amendment 22 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Recognises the potential of VC technologies well beyond the financial sector;
Amendment 32 #
Draft opinion
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Calls for the Commission to promote a higher involvement of independent researchers (universities, think tanks) together with private sector to innovate in VCs and VC technology area and allocate sufficient financing through the existing programmes such as Horizon2020;
Amendment 38 #
Draft opinion
Paragraph 7
Paragraph 7
7. Stresses the importance of consumer awareness when using VCs while noting the growing use of VC micropayments for online purchases of goods; calls on the VC industry, in cooperation with the CommissionMember States, in cooperation with the Commission, to engage in promoting and educating citizens about VC technology so that VC technologies could be implemented to improve or replace existing payment or financial market infrastructures to achieve higher market efficiency; calls on the VC industry and the Member States, to develop voluntary standards and to address the opportunities and challenges of VCs for consumers with the aim of enhancing the transparency of VC schemes in terms of how they are organised and operated and how they distinguish themselves from regulated and supervised payment systems, in terms of consumer protection, in order to allow existing and future VC users to make an informed choice.