The European Central Bank, designed for the surveillance of electronic payments and stablecoins approved the new framework, which also includes more different cryptocurrencies.
The European Central Bank has established the framework for measuring the level of security of electronic payment transactions. payment card, credit transfer, direct debit, electronic money transfer and digital payment token will use it to spy on companies involved in its transactions.
Within the scope of the framework; Services associated with crypto assets will also be monitored, including card purchases made with cryptocurrencies and sending and receiving money via electronic wallets.
Fabio Panetta, Member of the Board of the European Central Bank, “Thanks to the retail payment technologies ecosystem, innovations and technological changes, rapidly evolving.” said and “More international collaboration will be required to meet the challenges posed by global digital payment solutions and stablecoins.” commented.
Companies currently under the supervision of the European Central Bank to comply with the principles in the new framework. until November 2022 has duration. Other companies will be given one year from the date they learn they will be subject to the new policies.