EU Council backs raising DLT Pilot Regime cap to €300bn, Lagarde objects
- —Council proposes €300bn cap versus the Commission's €100bn
- —Cap could rise to €500bn via a Commission delegated act
- —Cap for bank-run DLT settlement schemes raised from €10bn to €50bn
- —Significant CASPs would fall under ESMA supervision, others stay national
Why it matters: Higher caps could accelerate tokenization in the EU, but Lagarde's objections may delay agreement with the European Parliament.
Source: Ledger Insights