The European Commission announced that a second batch of 41 regulatory bodies has joined its blockchain sandbox program

2024-10-02 10:09:06

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ChainCatcher news, the European Commission has announced the regulatory authorities participating in the second batch of its blockchain sandbox program. The European Blockchain Sandbox Initiative (EBSI) recently stated that 41 authorities and regulatory bodies from 22 countries in the EU and the European Economic Area have joined the initiative.

Participants include authorities from the following countries: France, Spain, the Netherlands, Italy, Greece, Slovenia, Germany, Cyprus, Portugal, Bulgaria, Belgium, Denmark, Norway, Latvia, Malta, Poland, Hungary, Slovakia, Iceland, Liechtenstein, Lithuania, and the Czech Republic.

The European Commission launched EBSI to support use cases involving Distributed Ledger Technology (DLT). The project aims to provide a framework for blockchain projects, regulatory bodies, and authorities to engage in dialogue and identify legal and regulatory barriers to blockchain innovation, enhancing regulatory certainty for decentralized technology solutions such as blockchain.

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