European Commission: Opens blockchain regulatory sandbox

European Commission: Opens blockchain regulatory sandbox

  • European Commission launched a regulatory sandbox for innovative use cases involving Distributed Ledger Technologies (DLT)
  • The sandbox establishes a pan framework for regulatory dialogues to increase legal certainty for innovative blockchain solutions
  • Funded by the Digital Europe Programme and delivering on the SME strategy, the sandbox is running from 2023 to 2026
  • The most innovative regulator participating in the sandbox will also be awarded a prize
  • The sandbox will be facilitated by a consortium under the leadership of Bird & Bird
  • The Sandbox is open to companies from all industry sectors and public entities for projects beyond a proof-of-concept stage
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Tempo Blockchain Goes Live with Machine Payments Protocol

New technology enhances automated transactions in blockchain space. Highlights: Tempo Blockchain officially launches its machine payments protocol.The new technology...

Klarna Smashes One Million Merchants Milestone, Expanding Global Reach

Klarna achieves significant growth with over one million merchants now using its services. Highlights: Klarna surpasses one million active...

PRA Proposes New Standards to Protect Firms from Bank Runs

New measures aim to enhance financial stability amid economic uncertainties. Highlights: PRA introduces new standards to prevent bank runs.The...

TSB Warns Over Surge in Friendship Fraud Cases

Bank highlights the risks of new friendship-based scams targeting customers. Highlights: TSB reports a rise in friendship fraud targeting...