14 Amendments of Agnès EVREN related to 2020/2034(INL)
Amendment 23 #
– having regard to the consultative document by the Financial Stability Board 'Addressing the regulatory, supervisory and oversight challenges raised by “global stablecoin” arrangements' of 14 April 2020,
Amendment 31 #
Motion for a resolution
Recital B
Recital B
B. whereas the term ‘crypto-assets’ is used to refer to a wide variety of digital assets, including but not limited to virtual currencies and tokens, which have a range of uses and purposes and can be issued and traded in a number of ways;
Amendment 54 #
Motion for a resolution
Recital I
Recital I
I. whereas experts of the European Central Bank (ECB) noted in their publication of 20193, that even though crypto-assets are highly speculative, they do not represent an immediate threat to financial stability; whereas the International Monetary Fund (IMF), in its 2018 global financial stability report, and the Financial Stability Board (FSB), in its July 2018 report, reached the same conclusions, although in the FSB’s opinion the situation should still be monitored, given how quickly changes occur on these markets; _________________ 3 https://www.ecb.europa.eu/pub/economic- bulletin/articles/2019/html/ecb.ebart20190 5_03~c83aeaa44c.en.html#toc4
Amendment 61 #
Motion for a resolution
Recital I a (new)
Recital I a (new)
Ia. whereas crypto-assets may increase the risks of money laundering, fraudulent practices, tax evasion and external attacks ;
Amendment 74 #
Motion for a resolution
Recital K a (new)
Recital K a (new)
Ka. whereas the application of new technologies in the financial sector may create new risks that need to be regulated and monitored in order to safeguard financial stability, the integrity of the internal market and consumer protection;
Amendment 129 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Highlights the importance forStresses that, given the cross- jurisdictional nature of digital finance, close international cooperation is essential; calls, therefore, on the Commission to closely align its work with international fora and regulatory bodies in developing international standards given the cross-jurisdictional nature of digital finance;
Amendment 135 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Calls on the Commission to deploy a concerted, proportionate, cross-sectorial and holistic approach to its work on FinTech;
Amendment 141 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Calls on the Commission to act as first mover in order to create a favourable environment for European FinTech hubs and firms to scale up and boost the EU's position vis-à-vis its international competitors;
Amendment 170 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Points out that Union level measures should not stifle opportunities for businesses, and particularly SMEs, to grow and develop within the Union;
Amendment 197 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Considers that not all crypto-assets can be regulated in the same way, solely on the basis of the fact that they are digital; considers, therefore, that developing a pan- European taxonomy for crypto-assets is desirable as a step towards fostering a common understanding, facilitating collaboration across jurisdictions and providing greater regulatory certainty for market participants engaged in cross border activity; recommends taking into account the importance of international cooperation and global initiatives as regards frameworks for crypto-assets, bearing in mind in particular their borderless nature; cautions, however, that developing an open-ended taxonomy template may be more appropriate for this evolving market segment;
Amendment 210 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Believes, therefore, that that, given that crypto- assets take many forms and are constantly evolving, any further categorisation should be balanced, adaptable and flexible in order to give space for innovation in the sector while ensuring that risks can be identified at an early stage;
Amendment 357 #
Motion for a resolution
Annex I – part B – point 1
Annex I – part B – point 1
1. To put forward a legislative proposal for Crypto-Assets, which provides legal certainty for the treatment of Crypto- Assets while ensuring consumer and investor protection. Sa level playing field and tackling the most serious risks in order to protect consumers and investors; such a framework should consider an open taxonomy and aim to legislate according to the principle of the same rules applying according to the same activity and risks;
Amendment 364 #
Motion for a resolution
Annex I – part B – point 3
Annex I – part B – point 3
3. To propose a framework for digital onboarding. Such a framework should comply with relevant Union legislation such as Anti-Money Laundering provisions and anti-terrorist financing, and aim to ensure a common understanding of digital financial identities across the single market.
Amendment 365 #
Motion for a resolution
Annex I – part B – point 3 a (new)
Annex I – part B – point 3 a (new)
3a. To assess the potential impact of vulnerabilities caused by financial institutions' growing use of new technologies and the rapid evolution of the crypto-asset market;