European Commission, ECB Unite to Consider Potential Pitfalls of the Digital ...

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....

The executive arm of the EU is gearing up to start public consultations on the digital euro project next month. The European Commission will also prepare new legislation to establish the legal basis for the digital version of the common European fiat. A draft is expected in 2023. EU Finance Chief Announces Legislative Plan for Digital Euro The European Commission (EC) is planning to put forward a bill tailored to lay down the legal foundation for a digital euro currency, Politico reported this week. The legislation will support the European Central Bank (ECB) in its efforts to....

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 European Commission (EC) recently unveiled the new ‘Start-up and Scale-up Initiative’. Its aim is to increase Europe’s competitiveness for entrepreneurs and innovative startups by reducing regulatory barriers. Problems for European Startups. According to the pan-European Trade Association EBAN, Europe has more entrepreneurs per capita than the United....

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....