The European Commission is looking for blockchain regulatory sandbox operator
The sandbox is designed to help remove legal uncertainties around DLT use cases. On Monday, March 14, the European Blockchain Observatory announced a call for tenders to contract a consortium, the mission of which would be to facilitate and operate a pan-European regulatory sandbox for distributed ledger technologies, or DLT, and blockchain, in particular. A major task for the future consortium will be to provide “comprehensive legal advice” concerning the operation of the core services of the European Blockchain Services Infrastructure (EBSI). The regulatory sandbox is envisaged as a....
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The Bank of Uganda (BOU) has announced the launch of a regulatory sandbox that will allow fintech start-ups to test their innovative financial solutions in a controlled environment. Already, one firm, M/S Wave Transfer Limited, has received approval to test its quick response (QR) technology under this sandbox arrangement. BOU Launches Regulatory Sandbox for Fintech In its statement on June 15, the BOU says it is now inviting more firms to develop and similarly test their financial innovations under this framework. Meanwhile, the BOU statement also expands on why the central bank has....
The Financial Conduct Authority (FCA) has announced the first 24 companies that will be taking part in its regulatory sandbox. In 2014, the FCA launched Project Innovate, in a bid to provide businesses on the regulations that they are required to abide by. In a bid to keep London as the FinTech centre, earlier this year, the FCA considered approving blockchain startups to actively encourage businesses to employ the technology. In September, it was reported that the FCA had had accepted 24 applicants out of 69 to take part in its first regulatory sandbox after applications closed in July,....
Nine Blockchain technology-related firms have been accepted into the UK Financial Conduct Authority’s (FCA) regulatory sandbox, which enables them to test out their innovative ideas without immediately incurring all the normal regulatory consequences. 24 applications were deemed fit to meet the sandbox eligibility criteria and were accepted out of 69 to develop towards testing, including early stage start-ups, challengers and incumbent firms. Earlier this year, the FCA signed a cooperation agreement with the Australian Securities and Investments Commission, to be the first time anywhere in....
The European Commission disagrees with some provisions in the crypto regulatory proposal approved recently by the European Parliament. The executive arm in Brussels is unhappy with certain anti-money laundering measures, according to a media report quoting unofficial correspondence.
European Commission Working on Compromise Proposal for EU Crypto Rules
Europe’s upcoming Markets in Crypto Assets (MiCA) legislation is facing challenges in the trilogue stage, less than two months after the European Parliament voted on the draft. Since then, discussions have been underway....
European Union doubles down on commitment to investing in blockchain technology. The European Commission is inviting tenders for the European Union blockchain pre-commercial procurement, or PCP.In general, a PCP is a public sector purchase of research and development services to adapt new or emerging technology to its needs.This PCP will focus on developing a novel blockchain solution that builds on the EU legal framework such as the General Data Protection Regulation, the Electronic Identification, Authentication and Trust Services regulation and the Network and Information Systems....