European Parliament Event Explores Coding Regulation into Blockchain
There is tension today between "rule of law" and "rule of code" as technology disrupts traditional ways of working. So said Pindar Wong, chairman of financial tech consultancy VeriFi (Hong Kong), during remarks at a European Parliament event on the subject of blockchain technology in Brussels today. The informal event brought together a range of experts and stakeholders from both the bitcoin and blockchain industry, as well as government representatives, to investigate the topic. The gathering was hosted by MEP Marietje Schaake of the Netherlands, in cooperation with COALA (Coalition of....
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Richard Branson’s private island in the Caribbean is set to host yet another blockchain-focused gathering, drawing a range of guests from around the world including the former prime minister of Haiti and a member of the European Union Parliament. Among the approximately 40 people attending this year’s event is Marietje Schaake, the member of European Parliament who in March hosted an event with COALA (Coalition of Automated Legal Applications) and the Dynamic Coalition on Blockchain Technologies at the Internet Governance Forum (IGF) to explore the prospect of coding regulation into a....
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....
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....
A new European Parliament draft report on digital currencies calls for the creation of a task force specifically devoted to the technology. The report, penned by European Parliament member (MEP) Jakob von Weizsäcker of the Committee on Economic and Monetary Affairs, seeks the establishment of a task force, with its own budget and dedicated staff, that would study digital currencies and provide policy advice to the European Union and member-states. Further, the report calls for tightening regulation of both exchanges and wallet service providers – something the European Commission, the....
The regulation of virtual currencies by the European Council creates unduly burden on exchanges, but at the same time adds legitimacy to Bitcoin and other cryptocurrencies, says a European Parliament consultant on the matter. Cointelegraph asked Jonathan Chester, who is the head of Bitwage, a leading payroll company in Europe and a contributor at Forbes, what he thinks about the process and how regulation will affect the Bitcoin ecosystem. He is a part of a working group that is consulting the European Parliament on the subject of virtual currency and blockchain. In Jonathan’s opinion, the....