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EBA’s June 2020 letter to the European Commission outlining its response to the Digital Finance Strategy consultation, emphasizing regulatory framework modernization, cross-border digital finance scaling, AI and RegTech principles, consumer protection, and supervisory coordination for innovative business models.

EBA’s response to the European Commission’s digital finance strategy consultation identifies key obstacles to fintech innovation—regulatory gaps, lack of technological neutrality, divergent national rules, and limited expertise—while advocating for EU-wide clarity, consistency, and cross-border scalability in digital financial services.