EU Parliament Votes for Light-Handed Regulation of Blockchain Technology
European Parliament members (MEPs) voted to take a hands-off approach to regulating blockchain technology, Ars Technica reports. Following the vote, unnamed sources told Ars Technica that European Commission staffers are working hard to understand the distributed ledger technology behind virtual currencies ‒ seven years after the launch of Bitcoin, with....
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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....
Regulation of virtual currencies is one of the most interesting topics in the European Parliament. A new report throws light on the technology. The importance of virtual currencies and its underlying blockchain technology is being recognized by the European Union, resulting a favorable outlook towards the cryptocurrency industry by the European Parliament. The recent report published by the European Parliament stands as an evidence of its stance towards virtual currencies. The opinion report on virtual currencies and virtual currency technology was published by the Committee on the....
While most governments have been taking steps to regulate the bitcoin industry and others declaring a completely close-minded stance against digital currencies, Canada's Senate decided to vote against bitcoin regulation. The Canadian Senate's Banking, Trade and Commerce (BTC) committee released its findings last Friday and asked the federal government to use a "light touch" in dealing with digital currencies. The report indicated that legislators have acknowledged that the bitcoin industry is still young and developing so they'd like to see a more nurturing environment instead of one that....
According to a report from Reuters, European Union lawmakers are going to take regulating blockchain technology and associated businesses lightly for the time being. EU officials say they will take the “softly approach” to applying a monetary policy to these emerging markets in order to curb stifled innovation. On April 26, EU authorities are set to agree on approaching the blockchain technology industry with little regulation. The caution lawmakers and regulators are taking is because they want the region to succeed in the fintech global race. Jakob von Weizsaecker, a German member of the....
Mathias Sundin, deputy mayor of Norrköping in Eastern Sweden, has won his bid to join Sweden's 349-member Parliament while only receiving donations in the growing global digital currency, Bitcoin. He left an understated Tweet on his Twitter account this afternoon, confirming his election to Sweden's Parliament, simply stating "I'm in!". The actual election occurred on September 14th, and now the votes have been tallied and confirmed officially since then. The Swedish Parliament is similar to the House of Representatives in the United States. Swedish Bitcoin Politician Wins Seat in....