Citing restrictive rules and intensifying global competition, a coalition of financial market participants has called for an expedited review of the DLT Pilot Regime.

A joint letter issued on 21 April by a coalition of European and international financial institutions, industry associations and tokenised asset providers called on European Union (EU) policymakers to accelerate targeted legislative changes to the Distributed Ledger Technology (DLT) Pilot Regime. The regime provides the legal framework for trading and settlement of transactions in crypto-assets  The DLT Pilot Regime started applying in the EU as of 23 March 2023. The regime provides the