European Parliament Foresees Impact Of Blockchain On Peoples’ Daily Lives
The European Parliament has released a report, “How blockchain technology could change our lives,” summarizing the capabilities and challenges of blockchain technology as well as its possible impact on social values. The report, presented by the European Parliamentary Research Service, noted that among all the potential applications, self-executing contracts are creating ways for companies to operate automatically. The report noted that blockchains are especially helpful for situations where it is important to know ownership histories, such as managing supply chains. Despite the....
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The focus on blockchain technology and distributed ledgers have not gone by unnoticed, as the European Parliament will be hosting a four-day conference on digital currency and blockchains next week. Quite an interesting announcement, and perhaps even a hint as to what is to come regarding regulation in the EU over the coming years. European Parliament Blockchain and Bitcoin Conference. It is important to note this four-day event will not be held like most traditional conferences touching upon the subject of digital currency. Instead, the plan is for the European Parliament to bring....
In a recent report, the European Parliament looks at cryptocurrencies with a mixture of openness to innovation and uncertainty in how to tackle it. The EU Parliament regards cryptocurrencies in its current form mostly as a means to increasing efficiency and lowering transaction costs. Similar to the Bitcoin approach of many banks, the underlying Blockchain technology is seen as a means to fulfil the goals of the European Union, like lowering transnational transaction costs. Similar to approach of banks. The report says: “The main opportunities of VCs and DLT in the field of payments relate....
The head of the Russian parliamentary committee on financial markets and the country’s first crypto law’s author is forecasting a “surge in token issuance” for 2021 in the wake of the promulgation expected to take place in January. Russian Parliament Expects a ‘Surge in Token Issuance’ for 2021 After Crypto Law Promulgation According to the Parliamentary Gazette, Anatoly Aksakov claimed that a “big number of large enterprises” had asked the State Duma (Russian Parliament) to pass the law as soon as possible. Also, he adds that such businesses....
Over the course of next week, the European Parliament will host a four-day conference in an effort to educate members of the European Parliament about distributed ledgers and virtual currencies. A non-commercial conference organized next week by the European Parliament is being put together to educate Members of European Parliament (MEPs) about the rapidly expanding and publicized fintech space. The conference and exhibition will specifically be focusing on blockchain and virtual currencies. As reported by Finextra, the conference will see representatives from the likes of the World Bank,....
The European Parliament has appointed a regulator for Bitcoin and cryptocurrency. In the end, these efforts will be futile, as the decentralized nature of the Bitcoin protocol is resistant to external influence. EU Parliament Seeks a Crypto Watchdog. The European Parliament and ECB are not on the same page regarding Bitcoin. A few weeks ago, there was a....