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bitcoin regulation

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
bitcoin regulation

A task force to control digital currency in Europe

<img src="/images/kibongo.jpg" alt="Task force to control Digital currency" height="264" width="350" />
Last month we talked about how the European Parliament defined the blockchain as the “perfect technology” and aimed at realizing new rules related to the distributed ledger.
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.

Amelia Tomasicchio

Twitter, Bitstamp, European Parliament: Monthly Recap about Bitcoin

men working at the pc bitcoin

Welcome to HolyTransaction’s fifth monthly recap for the 2016! Thanks for this month together. 
April has been marked by continued interest in bitcoin technology from all around the world; during that time, the bitcoin price rose from a high of $469.31 on April 21st to a low of $435.08 on April 28th, according to Bitcoin exchange Bitstamp.

6 amazing pictures about Bitcoin

Bitcoin is the money of Internet and what is the best way to communicate through the web?
Pictures, of course.
Thanks to pictures, in fact, we can communicate things that are very difficult to explain in words. 
So, let’s see the top 6 of the best pictures about Bitcoin.

15 oddest places where Bitcoin is accepted

Nowadays you can buy almost everything with bitcoin.
As well as lots of e-commerce and famous worldwide brand that accept Bitcoin all around the world. 
Also, you will find out there are several other shops where you can buy your favorite items with Bitcoin. 
Click on the title to read the full list of the oddest places where bitcoin is accepted (for several of them you can buy a gift card for bitcoins on gyft.com).

That’s why $400 Bitcoin price is low

Today Daniel Masters, ex trader at JP Morgan, published an interesting article about the bitcoin price on Linkedin. 
In this article, Masters comments the upcoming halving of rewards for the miners and its impact on the current bitcoin price.

Blockchain is the perfect technology according to the European Parliament

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.


How Twitter can teach you everything you need to know about Bitcoin


Twitter is one of the most popular social networks in the world and there are over 307 million people that actively use Twitter.
Also, the greatest part of Bitcoin experts has a Twitter account; and this is a fact.
So, this is why you will find lots of info about Bitcoin on Twitter; you just need to follow the right people and bloggers.

Click on the title to read the full list of influencers you may need to follow on Twitter to deeply understand bitcoin and the blockchain.

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

Amelia Tomasicchio
blockchain_cybersecurity

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

european parliament bitcoin

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

European Parliament hosts a conference on Bitcoin

european parliament
The European Parliament will host a conference on cryptocurrencies and blockchain technology.
The four days event aims at educating MEPs about new technologies related to finance and economy.
To do so, the event has been organized together with the European Digital Currency and Blockchain Technology Forum (EDCAB), a new Bruxelles platform related to Bitcoin and the Blockchain. 
The conference will start next week and will see the partecipation of World Bank, IMF, OECD, Nasdaq, Blockchain.Info, Bank for International Settlements, United Nations and Europol, among the others. 
Syed Kamall, the event host, explained: 

“I am pleased to be hosting the exhibition on blockchain and virtual currencies in the European Parliament. Legislators internationally are now looking at this area and how to protect the consumer while stimulating innovation.”
Unfortunately the conference will not be public, but it could represent a great opportunity and an important turn around for the cryptocurrencies ecosystem.
Also, this means that the most insightful companies and banks from all around the world are starting to understand the revolution that Bitcoin and the blockchain represents for our daily life. 

About EDCAB

EDCAB aims at helping shape a sound regulatory and policy agenda for virtual currencies and distributed ledger technology in the European Union. We engage with EU policymakers, legislators and key stakeholders on live and upcoming issues, addressing both challenges and opportunities.

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

Amelia Tomasicchio