The rise of “Bigtech finance,” which refers to the offering of financial services by major digital conglomerates, has significant implications for the European Union’s growth model. This trend has raised various regulatory concerns regarding financial stability, competition, market concentration, data protection, cybersecurity, and operational resilience. Additionally, the fact that the largest digital platforms are headquartered outside the EU brings potential geostrategic implications. In order to tackle these global challenges, this study puts forward recommendations to address the issues at hand. These suggestions aim to ensure a balanced approach that promotes innovation while safeguarding the EU’s financial system and maintaining a competitive market.
HomeDIGITAL ASSETS REGULATORYstablecoin euBigtech finance, the EU’s growth model and global challenges