The New Payment Framework from Eurosystem

The monetary authority of Eurozone, Eurosystem, introduced a new framework for overseeing digital payments, including payments that are conducting with cryptocurrencies. The current framework will have a complementary character from European Union, which will include cryptocurrencies and stablecoins.

The goal of Pisa program is to enter a new way of overseeing digital payments in a plethora of digital payments mediums like credit and debit cards, electronic money and cryptocurrencies. The companies need to comply with the framework until 15 November 2022.

This actions is included in the general strategy from ECB for cryptocurrencies along with Mica directive (Markets in Crypto Assets) and the upcoming digital Euro, that will act as a stablecoin.

You can read the announcement from ECB in the link below:

https://www.ecb.europa.eu/press/pr/date/2021/html/ecb.pr211122~381857cdfe.en.html