Blockchain Potential is ‘Very Promising and Challenging’, Says EU Commission
The European Commission has said that it is actively monitoring blockchain and DLT developments, stating that its almost limitless potential use cases make it both ‘very promising and challenging.’ In a statement published on 7th February by European Commission Vice President Andrus Ansip, he explained to members of the European Parliament that support for the blockchain and DLT was ‘going to increase in the coming months.’ Last year, the European Parliament approved a task force to further study the distributed ledger technology. Jakob von Weizsäcker who drafted the proposal for the task....
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PRESS RELEASE. The cryptocurrency market in the last months has witnessed the enormous success of promising valuable blockchain projects. Nevertheless, even investors from traditional markets are starting to detect the real potential of cryptocurrencies. They pour vast amounts of funds into the blockchain market. Therefore, the biggest success boom of promising projects is yet to come in 2022 and it is a good time to invest at current lower prices.
This is a desirable situation for Venture Capital funds because demand for their services is rapidly increasing. However, their....
The executive arm of the European Union government is planning to expand its work on blockchain, an official said last week. According to newly published statements from 7th February by European Commission VP Andrus Ansip, the Commission is planning to grow its “support” for blockchain projects – something that Ansip characterized as an expansion of existing efforts. It was last spring that the European Parliament approved a task force, led by the Commission, to study blockchain. At the time, MEP Jakob von Weizsäcker framed the measure as a way to monitor the nascent blockchain space while....
The EU Commission wants to tighten regulation of prepaid cards and virtual currencies (VC), according to Reuters. In response to the recent terrorist attack in Europe, the Commission intends to clampdown on anonymous transactions that may help fund such activities, promising to present its proposal by the end of June. Since the attacks on Paris digital....
The chair of the Securities and Exchange Commission (SEC) last night spoke out publicly on the Federal regulatory agency's current and future plans for potential blockchain controls. Amid a recap of the SEC’s past and future dealings with the blockchain, Chairwoman Mary Jo White specifically called out companies or individuals that seek to use new technology like blockchain to facilitate the transfer of securities. White said in her published remarks: “One key regulatory issue is whether blockchain applications require registration under existing Commission regulatory regimes, such as....
The chairman of the Australian Securities and Investments Commission (ASIC) believes blockchain technology has the potential to fundamentally change the world's existing financial system. Greg Medcraft, appointed chair of ASIC in 2011, made the comments during his speech at Australia's Carnegie Mellon University earlier this week. According to Medcraft, distributed ledger technology could result in greater efficiency and speed, disintermediation, reduced transaction costs and improved market access. Following an explanation of the blockchains's characteristics, Medcraft noted its potential....