During a speech given by the Lithuanian representative Antanas Guoga, in fact, he defined the blockchain that way.
His speech was held before the Internal Market for Consumer Protection Committee, that advanced a new proposal for cryptocurrencies.
Task force creation: yes or not?
A voting on the proposal was held on April 26th and the result was 542-to-51 members who want the creation of a cryptocurrency task force.
So, now the task force will turn into reality and will “monitor technology developments ahead of any concrete regulatory proposals”.
Von Weizsäcker said in a statement:
“To avoid stifling innovation, we favour precautionary monitoring rather than pre-emptive regulation. But IT innovations can spread very rapidly and become systemic. That’s why we call on the Commission to establish a taskforce to actively monitor how the technology evolves and to make timely proposals for specific regulation if, and when, the need arises.”
It is likely that the creation of this task force will be done in the next few months.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
2 thoughts on “A task force to control digital currency in Europe”
Blockchain Regulation in Europe: everything you need to know – HolyTransaction's BlogPosted on 1:06 pm - Feb 16, 2017
[…] year, the European Parliament also created a new task force led by the Commission, to study the […]
Europe Bitcoin report published by the EU Parliament. Read it here. – HolyTransaction's BlogPosted on 6:09 pm - Feb 21, 2017
[…] The research suggests a few possible approaches for the European lawmakers, who recently approved the creation for a new task force focused on blockchain and digital currencies. […]