The European Union is advancing a plan to enhance pension savings and tighten market oversight, potentially extending regulatory authority to crypto firms. Financial Services Commissioner Maria Luís Albuquerque stated that the initiative will include auto-enrolment for pensions, tax incentives to encourage savings, and efforts to reduce cross-border trading barriers. The proposal, known as the EU’s Savings and Investments Union, aims to mobilize household wealth and enhance financial autonomy through better market integration. Additionally, the European Securities and Markets Authority (ESMA) may gain supervisory powers over crypto and central market infrastructures. This shift comes amid concerns about Europe's response to global financial changes and coincides with discussions on the design of a digital euro, which could be issued on public blockchains instead of a centralized system. Albuquerque emphasized the importance of developing deeper capital markets and stronger pension systems to invest in Europe’s economy, marking a critical step toward improving investor protections and fostering innovation in financial markets.

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