FinTech Action Plan in EU

FinTech Action Plan in EU

The European Commission published a ‘2018 FinTech Action Plan.’ The European Union is to establish a FinTech Lab during the second quarter of this year. The Commissioner for the Digital Economy and Society emphasized the need for ‘a framework to let innovation flourish while managing risks and protecting customers.” The Payment Services Directive is modified as the banks can integrate blockchain tech.

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