Fun

News Feed - 2023-07-06 01:07:50

Ana Paula Pereira7 hours agoEU blockchain sandbox unveils first 20 use cases after wave of applicationsAccording to the European Commission, 20 projects have been selected in the first cohort to receive legal advice and regulatory guidance.2177 Total views1 Total sharesListen to article 0:00NewsJoin us on social networksThe first batch of blockchain use cases to debut in Europe"s regulatory sandbox was formally introduced on July 3, following a long wait and nearly 90 applications received in April. First disclosed in 2020, the initiative aims to bridge the regulatory gap between European nations and crypto companies.


According to the European Commission, 20 projects have been selected in the first cohort, with companies in finance and capital markets, telecoms and information technology, global trade, transportation, and cross-sectoral projects leading the group.


The projects are spread across five European regions, including Western Europe with 14 use cases, Southern Europe with 10 projects, Nordics and Central Europe with eight projects each and Eastern Europe with seven projects.Blockchain projects selected for the first cohort of the EU regulatory sandbox. Source: European Commission


Plans to set up a regulatory sandbox for blockchain technology were announced by the European Commission and the European Blockchain Partnership in 2020. The goal, according to the Commission, is to foster dialogue between regulators, crypto projects and public authorities.


“In these dialogues, use case developers can present their business case to receive legal guidance from regulators," the European Commission said.


Also behind the initiative is Bird & Bird, a British law firm with offices in Europe, Asia, the Americas and the Middle East. It will be responsible for setting up a “safe interface between developers and regulators," providing legal advice and regulatory guidance to projects.


“The sandbox will allow supervisors to enhance their knowledge of cutting-edge technologies involving DLT [distributed ledger technology]," reads the statement, adding that lessons learned will be shared between regulators, helping the Commission to identify best practices.


The regulatory sandbox will work in conjunction with other frameworks, in particular the EU Digital Finance Platform and the Artificial Intelligence Sandboxes that will be implemented under the AI Act. According to the Commission, the integration is crucial given the “increasing convergence of innovative technologies in use cases often involving several industry sectors."


The application deadline for the first cohort of proposals ended on April 14 for blockchain projects with valid proof-of-concept and cross-border elements. The initiative will select new projects every year until 2026. 


Magazine: How to control the AIs and incentivize the humans with crypto# Blockchain# Europe# European Union# Sandbox# RegulationAdd reactionAdd reactionRelated NewsCan artificial intelligence prevent the next financial crisis?‘A lot of the bad actors have been shaken out of the market" — Bitvo CEOThe Supreme Court could stop the SEC’s war on cryptoRipple welcomes MiCA regulation as US lawsuit highlights lack of clarityBinance reverses decision to delist privacy coins in EuropeEU finalizes controversial smart contract kill switch rules under Data Act

News Feed

Rich Dad Poor Dad’s Robert Kiyosaki: Bitcoin Is Crashing, Will Buy When BTC Tests $20K
Rich Dad Poor Dad"s Robert Kiyosaki: Bitcoin Is Crashing, Will Buy When BTC Tests $20K The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he will buy more
Marco Castrovilli6 hours agoSpot Bitcoin ETF: Why this time is differentThe latest Cointelegraph Report explains everything readers need to know about a potential spot Bitcoin ETF approval in the U.S., its impact on the
ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban
ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban A new report by the European Central Bank (ECB), presented as a “deep dive into
Venezuelan Buys Apartment Using Tether as Real Estate Market Warms Up to Crypto
Venezuelan Buys Apartment Using Tether as Real Estate Market Warms Up to Crypto A Venezuelan individual has reportedly purchased an apartment using cryptocurrenc
Gas-to-Bitcoin Mining Firm Crusoe Energy Systems Raises $505 Million
Gas-to-Bitcoin Mining Firm Crusoe Energy Systems Raises $505 Million On Thursday, the bitcoin mining and flare gas mitigation firm Crusoe Energy Systems Inc. revealed it secured $5
BlackRock Bitcoin ETF sees first outflow day amid record ETF bleed
Brayden Lindrea5 hours agoBlackRock Bitcoin ETF sees first outflow day amid record ETF bleedBlackRock’s ETF saw around $37 million in outflows for the first time, while the remaining spot Bitcoin ETFs collectively notc
David Attlee10 hours agoExistential threat? Why some banks are anxious about CBDCsThe prospect of a retail CBDC has some major banks anxious over their revenue streams.638 Total views11 Total sharesListen to article 0:00
Bitcoin, Ethereum Technical Analysis: ETH up to 2-Week High Following Fed Rate Hike
Bitcoin, Ethereum Technical Analysis: ETH up to 2-Week High Following Fed Rate Hike Ethereum climbed to a two-week high on Thursday, as markets continued to react to yesterday
Zhiyuan Sun2 hours agoAxie Infinity developer brings Japanese Web2 games to RoninThe first Web2 game of the series to be bridged to Ronin is Zoids Wild Arena.711 Total views19 Total sharesListen to article 0:00NewsJoin u
Roaring Kitty swipes 6.6% of Chewy, clarifies he is ‘Not a Cat’
Josh O"Sullivan12 hours agoRoaring Kitty swipes 6.6% of Chewy, clarifies he is ‘Not a Cat’Keith Gill, known for his role in the GameStop saga, surprises the market with a significant stake in Chewy.2892 Total views11
Biggest Movers: LUNA Loses 50% of Its Value, While XMR and AXS Declines Continue
Biggest Movers: LUNA Loses 50% of Its Value, While XMR and AXS Declines Continue LUNA was down by over 50% in today’s session as markets continued to react toUST losing its
Venezuelan Authorities Shut Down Power Supply to Bitcoin Miners in Key State
Venezuelan Authorities Shut Down Power Supply to Bitcoin Miners in Key State Regional authorities in one of the key states of the country, Carabobo, suspended th