ECB extends oversight of electronic payments to digital wallets and crypto-assets. Overseen companies to adhere to new principles within one year.

Framework assesses security and efficiency of electronic payments, including electronic wallets and crypto-asset-related services. ECB calls for swift progress on overseeing global digital payment solutions and stablecoins. The ECB’s Governing Council has approved a new oversight framework for electronic payments following a public consultation. The framework is designed to make the current and future payments ecosystem safer and more efficient, as part of the ECB’s statutory task to promote the […]