Tag Archives: european commission

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Blockchain Regulation in Europe: everything you need to know

Today I want to explain you everything you need to know about the Blockchain Regulation in Europe.

Recently, in fact, the executive arm of the European Union government revealed that is working on the blockchain to “support” distributed ledger-based projects.

According to this new official press release published on February 7th, the Commission is looking for growing its efforts on supporting more projects related to the distributed ledger technology (DLT).

The European Commission is “actively monitoring Blockchain and DLT developments” and is working on exploring “DLT benefits and challenges as well as fields for application in financial services”.

Also, the official press release explained that the Commission wants to “pilot projects to foster decentralised innovation ecosystems and help reshape interactions between consumers, producers, creators and among citizens, businesses and administrations to the end benefit of society”.

A task force for Blockchain Regulation

Last year, the European Parliament also created a new task force led by the Commission, to study the blockchain.

This task force has not only the goal of studying the blockchain but also to support projects related to the ledger and studying a way for a blockchain regulation.

The European Commissioner for Digital Single Market and Vice President of the European Commission, explained:

 

“The Commission is already supporting distributed ledger tech-enabled projects (DECODE, D-Cent, MyHealth MyData). Support activities are going to increase in the coming months (e.g. Decentralised Data Management). A study will be launched to investigate how DLT can help in reshaping public services and preparing for EU specific DLT actions to address relevant EU challenges.”

Ansip also said that the Commission will collaborate with the Parliament to organize blockchain events and workshops.

“The Commission will organise a kick-off conference with the European Parliament on Demystifying Blockchain and a series of workshops to look at Blockchain developments and use case applications”.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio
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Blockchain is the “perfect technology” according to the European Parliament

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During the last week, a European parliament member gave a speech about consumer protection for the latest campaign that aims at realizing new rules related to the blockchain.

The perfect technology

In fact, the Lithuania representative Antanas Guoga defined the blockchain a “perfect technology” during a speech before the Internal Market for Consumer Protection Committee, which is thinking about advancing a new proposal for cryptocurrencies.
Guoga explained:
“I’m sure a lot of us politicians haven’t got any bitcoins at the moment and we’re trying to make laws for something we don’t understand. I would suggest everyone to get some bitcoins and really learn about the system. It’s a huge leap forward and a huge opportunity.”
Guoga wants the European Commission to open a task force to monitor digital currencies.

The committee said yes

A voting on the proposal was held on April 26th and the result was 54-to-1 members that want the creation of a cryptocurrency task force.
This proposal will be voted by the entire European Parliament in the near future.

Watch the full video of the speech

Click here to listen to the entire Antanas Guoga’s speech.

Multicurrencies Wallet

Bitcoin is the most popular cryptocurrency all around the world.
To store your bitcoin you will need a secure wallet where you can also hold Ethereum, Dogecoin, Litecoin and more digital currencies.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio