EU Tokenization Firms Call for DLT Pilot Regime Revisions
- European tokenization companies are urging EU lawmakers to amend the DLT Pilot Regime to avoid stifling innovation.
- Current restrictions may lead to a migration of onchain markets to the US, impacting local industry growth.
- The call comes amid increasing momentum in US markets, highlighting competitive pressures on European firms.
- Stakeholders argue that timely revisions are critical for maintaining Europe’s position in the global blockchain landscape.
The push for changes in the DLT Pilot Regime reflects concerns that existing limits could hinder innovation and drive businesses abroad, particularly to the US market.
As European firms advocate for regulatory updates, they emphasize that failure to act could result in significant shifts of onchain operations overseas, threatening local economic interests. (Source)
