Digital Financial Services Regulation
The digitalization of financial services has created new opportunities and challenges for the financial sector. EDFA's financial oversight framework ensures that digital financial services are secure, transparent, and compliant with EU regulations.
Our regulatory approach focuses on maintaining financial stability, protecting consumers, and fostering innovation in digital finance while ensuring that new technologies and business models operate within a robust regulatory framework.
Key Regulatory Areas
Oversight of digital banks, neobanks, and traditional banks' digital operations to ensure compliance with banking regulations.
Learn moreRegulation of cryptocurrencies, stablecoins, and crypto service providers under the Markets in Crypto-Assets (MiCA) framework.
Learn moreSupervision of digital payment services, e-money institutions, and payment service providers under PSD2 and upcoming PSD3.
Learn moreRegulatory framework for the implementation and operation of the digital euro as a central bank digital currency.
Learn moreCrypto Market Volatility
Increased monitoring of stablecoin reserves amid market fluctuations
15 May 2025
Payment Fraud Alert
New patterns of payment fraud detected across multiple EU member states
10 May 2025
Regulatory Sandbox for Financial Innovation
EDFA's Regulatory Sandbox provides a controlled environment where innovative financial products, services, and business models can be tested with real customers under regulatory supervision.
The Sandbox helps fintech companies and established financial institutions test innovative solutions while ensuring consumer protection and financial stability.
Benefits for Innovators
- Reduced time-to-market for innovations
- Regulatory guidance and support
- Testing with real customers
- Feedback on regulatory requirements
Benefits for Consumers
- Access to innovative financial services
- Protection through regulatory oversight
- Transparent information about risks
- Feedback mechanisms for improvement

Market Monitoring
Digital Finance Observatory
EDFA's Digital Finance Observatory monitors trends, risks, and developments in digital financial markets to identify emerging issues and inform regulatory responses.
Latest Market Indicators
Updated daily with key metrics on digital financial markets
Risk Assessment
EDFA conducts regular risk assessments of digital financial markets to identify systemic risks, vulnerabilities, and emerging threats to financial stability.
Latest Risk Assessment Report
Q2 2025 Digital Finance Risk Assessment
Latest Publications
Annual Report on Digital Financial Markets
Comprehensive analysis of developments, trends, and risks in digital financial markets across the EU.
Crypto-assets Market Monitoring Report
Quarterly assessment of crypto-asset markets, including market capitalization, trading volumes, and risk indicators.
Digital Banking Transformation Study
Analysis of how traditional banks are adapting to digital transformation and the emergence of digital-only banks.