Regulation· ★★★· bullish·

Spain's CNMV chief: EU DLT rules too restrictive

  • —Only five companies are registered in the EU's DLT Pilot Regime, one of them Spanish
  • —The market cap limit for tokenized instruments on a DLT platform is €6 billion
  • —The Spanish exchange's capitalization is €1.7 trillion, 283 times the limit
  • —The European Commission proposes raising the cap to €100 billion via the MISP package
Why it matters: Removing the cap would give large institutions access to tokenized stocks and bonds, potentially accelerating growth of the EU's RWA market.
Source: Cryptonews.net
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