European Parliament Takes Initiative to Put Cryptocurrency, Blockchain on Fast Track
Things are moving quickly in Europe at the moment in regards to cryptocurrency and the Blockchain. The Committee on Economic and Monetary Affairs of the European Parliament scheduled to vote on the virtual currencies report in a matter of days, with the hot summer for cryptocurrency and Blockchain legislation ahead. In February, the Council of the European Union put virtual currencies on top of a list of targeted areas for rapid progress which led to the topic of digital currencies rising up the ladder of policy agenda in all major institutions. A new independent non-profit trade body....
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"When and how should governments intervene?" With that question, MEP Jakob von Weizsäcker kicked off a session of discussion yesterday held at the European Parliament (EP) and centered on the future of blockchain regulation in the 28-nation economic bloc. The "Spotlight on Blockchain" workshop, hosted jointly by the European Parliament and the European Commission, gathered representatives from across the blockchain sector to discuss use cases and platform security. Part of the program of the Blockchain Observatory, a formal fact-finding initiative launched in April and....
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....
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 Committee of Economic and Monetary Affairs (ECON) will engage in a public hearing to discuss virtual currencies, an event that takes place in the European Parliament today. The 90-minute session will include discussion among academics, prominent members of the European digital currency- and blockchain-space and representatives of the banking industry. Representatives of institutions: Wiebe Ruttenberg, European Central Bank (ECB), Directorate-General for Research; Olivier Salles, European Commission, FISMA B3. Representative of Academia: Primavera De Filippi, PhD, Centre national de la....