French & Italian regulators submit DLT usage recommendations to European Commission

The French Financial Supervisory Authority (AMF) and the Italian Financial Supervisory Authority (CONSAB) have submitted recommendations for the application of distributed ledger technology (DLT) to the European Commission, Crowdfund Insider reported. The recommendations include establishing a more flexible regulatory framework, expanding the scope and duration of pilot programs and strengthening the regulatory responsibilities of the European Securities and Markets Authority (ESMA).