The Securities and Markets Stakeholder Group (SMSG) has released a new report suggesting that the European Securities and Markets Authority (ESMA) recommend to the European Commission that it regulate the cryptocurrency space with existing legislation rather than instilling new rules and laws.
The report specifies that most crypto assets are covered by the Unfair Commercial Practices Directive, which regulates unfair business practices in the European Union and requires corresponding laws to be passed that incorporate it into each member state’s legal system.
The European Commision (EC) has launched the EU Blockchain Observatory and Forum (BOF) to consolidate and grow blockchain initiatives within the European Union (EU).
With the support of the European Parliament, the BOF is a pilot project proposed by Member of the European Parliament Jakob von Weizsäcker, who is responsible for the recent report on virtual currencies.
The European Parliament has issued a report suggesting that the blockchain could be an effective solution to preventing odometer tampering.
In a report, Odometer tampering: measures to prevent it [PDF], issued by the Directorate General for Internal Policies, it reads that odometer tampering remains an issue in the European Union, affecting almost all second-hand car markets of its Member States.
The European Commission has announced €30 billion on new investments in technology initiatives including those involving blockchain.
The funding would come through the Horizon 2020 initiative, which to date has been supported by €77 billion in public funding.
The goal is to support new investments in the areas of "migration, security, climate, clean energy and digital economy", as well as "breakthrough, market-creating breakthrough[s]," according to a statement from Oct.
The Global Blockchain Business Council is ramping up its presence in Europe.
Announced today, the technology advocacy group co-founded by blockchain services firm Bitfury Group will host a blockchain-focused summit at the European Parliament in Brussels, Belgium, on Wednesday in conjunction with Eva Kaili, a parliament member from Greece.
At the event, the council will brief members of the EU parliament and representatives from the European Commission on the challenges and solutions offered by blockchain technology.
Frustrated by the red tape of the U.S. healthcare system, blockchain startups founded to improve the sharing of patient data are looking abroad to prove their use cases.
The moves by Gem, which has partnered with a Scandinavian company, and IncentHealth.io, which is scouting opportunities in Canada, underscore the challenges blockchain technology faces in any heavily regulated market with powerful incumbents and resistance to change.
A draft report being developed by two committees in the European Parliament, the EU's legislative branch, highlights concerns over the ability of border agents to monitor the movement of cryptocurrencies.
The report "on the proposal for a regulation of the European Parliament and of the Council on controls on cash entering or leaving the Union and repealing Regulation", dated September 29, largely deals with cash, as well as other payment methods such as prepaid cards.
As many as four blockchain-related amendments, funding various initiatives, could find their way into the European Union's 2018 budget.
Public documents published yesterday reveal a proposal to use blockchain as a payments rail for an EU-wide free Wi-Fi access project, as well as funding proposals for two working groups dedicated to the tech.
There are actually two amendments related to the idea of using blockchain as part of the "WiFi4EU", including one from the Group of the Progressive Alliance of Socialists and Democrats political party as well as the Parliamentary Committee on Industry, Research and Energy.
The European Commission has announced plans to ‘strengthen’ its response to cyber-attacks, including incidents involving cryptocurrency cybercrime.
The Commission made this announcement less than a week after EU President Jean-Claude Juncker devoted a portion of his State of the Union Address to confronting the increasing prevalence of cyber-attacks. In this speech, he announced the creation of a pan-European cybersecurity agency to combat the swelling number of threats:
In the past three years, we have made progress in keeping Europeans safe online.
The European Commission is gearing up to propose new penalties for cybercrimes involving cryptocurrencies.
In a release yesterday, the European Union's executive arm outlined its intent to introduce a new directive focused on digital crimes, citing recent ransomware attacks in the region and abroad. Part of that plan would involve the creation of a European cybersecurity agency to spearhead such efforts.