UK Parliament Hearing to Highlight Government Blockchain Applications
A UK House of Lords committee will meet next week to hear testimony from academics and representatives of the blockchain industry. Parliament announced today that the Economic Affairs Committee of the House of Lords (Parliament's upper house) will meet on 19th July to discuss blockchain and potential applications for the UK government. The committee will notably feature testimony from Ben Broadbent, the deputy governor of monetary policy for the Bank of England who remarked this past March that a central bank-issued digital currency could have a major impact on banking. In addition to....
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A committee of the UK House of Lords, the upper chamber of Parliament, struck a curious and at times critical tone when discussing blockchain technology and its impact on finance and government. During an afternoon hearing of the The Economic Affairs Committee, members heard from academics and representatives of the blockchain industry, as well as Ben Broadbent, the deputy governor for monetary policy of the Bank of England. Lasting about three hours, the hearing demonstrated a mixture of genuine interest and skepticism on the part of committee members. It was the first major committee....
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....
The European Parliament is set to quiz several nominees for European Commission posts this week, including Britain's Lord Jonathan Hill, who is scheduled to appear before parliament today. Notably, Lord Hill is expected to discuss digital currencies during his appearance. Lord Hill, the commissioner-designate for the Financial Stability, Financial Services and Capital Markets Union portfolio, has already attended one hearing, which took place last week. At that hearing, Hill and another designate were posed a number of questions from lawmakers and committees, submitted by Martin Schulz,....
A European Parliament committee held a public hearing on virtual currencies today in Brussels at which it discussed the possibility of regulating digital currencies following the recent Paris terrorist attacks. The hearing of the Committee on Economic and Monetary Affairs (ECON) was a preparatory measure for the agency's forthcoming report on virtual currencies. Topics discussed included the risks and challenges posed by publicly traded virtual currencies, as well as the impact of blockchain and distributed ledger technology on which virtual currencies are based. Panellists included....
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....