TY  - UNPD
A1  - Kotovskaia, Anastasia
A1  - Meier, Nicola
T1  - BigTech cryptocurrencies - European regulatory solutions in sight
T2  - SAFE policy letter ; 97
N2  - Large technology firms («BigTechs») increasingly extend their influence in finance, primarily taking over market shares in payment services. A further expansion of their businesses into the territory of cryptocurrencies could entail new and unprecedented risks for the future, namely for financial stability, competition in the private sector and monetary policy. When creating a regulatory toolbox to address these risks, financial regulatory, antitrust, and platform-specific solutions should be closely intertwined in order to fully absorb all the potential threats and to take account of the complex risks these platform companies bear. This policy letter evaluates the solutions lately proposed by the European Commission, with specific focus on the upcoming regulation of Markets in crypto-assets (MiCA), but also the Digital Markets Act (DMA) and Digital services act (DSA), against the background of cryptocurrencies issued by BigTechs and sheds light on financial regulatory, competition and monetary law issues coming along with the possible designs of these cryptocurrencies.
T3  - SAFE policy letter - 97 
KW  - Cryptocurrencies
KW  - Big Techs
KW  - MiCA
KW  - DMA
KW  - DSA
KW  - European Commision
Y1  - 2022
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/63484
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-634848
UR  - https://safe-frankfurt.de/policy-center/policy-publications/policy-publ-detailsview/publicationname/bigtech-cryptocurrencies-european-regulatory-solutions-in-sight.html
IS  - July 2022
PB  - SAFE
CY  - Frankfurt am Main
ER  -