5 Amendments of Neena GILL related to 2016/2007(INI)
Amendment 62 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Notes that DLT’s potential to accelerate, decentralise, automate and standardise data-driven processes at lower cost has the potential fundamentally to alter the way in which assets are transferred and records are kept, with implications for both the private and the public sector, the latter being concerned in three dimensions: as a service provider, as a supervisor and as a legislator;
Amendment 73 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Encourages government agencies to test DLT systems in order to improve the provision of services to citizens under respect of EU data protection rules, while cautioning on the outsourcing of public services to proprietary private DLT schemes;
Amendment 80 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Calls for a proportionate regulatory approach so as not to stifle innovation at an early stage, while taking seriously the regulatory challenges that the widespread use of VCs and DLT might pose; underlines that the threat to existing business models of securities, exchanges, CCPs and CSDs, is only secondary, and will only materialise if virtual currency players remain largely unregulated.
Amendment 83 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Calls for a proportionate regulatory approach so as not to stifle innovation at an early stagend be future proof, while taking seriously the regulatory challenges that the widespread use of VCs and DLT might pose;
Amendment 100 #
Motion for a resolution
Paragraph 12 – subparagraph 1 a (new)
Paragraph 12 – subparagraph 1 a (new)
Underlines however that that many virtual currency actors are not subject to minimum capital requirements, let alone strict prudential requirements, making an insolvency more likely and potentially more damaging for these firms’ clients;