On 19 July 2019, the European Banking Authority (EBA) circulated a report which illustrates the developments on the regulatory perimeter across the EU, the regulatory status of FinTech firms and the approaches followed by competent authorities when granting authorisation for banking and payment services.
The EBA findings show few national legislative developments that could potentially create an EU level playing field. On crowdfunding, the EBA takes note of the Commission's Proposal for Regulation on crowdfunding service operators. On crypto-asset related activities, the report refers to the EBA’s January Report on crypto-assets and the follow-up actions.
The EBA’s press release can be found here.
The report can be found here.