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ARTICLE · 26 JANUARY 2022

What Is The EU Regulator's General Approach To Blockchain?

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EU regulators recognise the power of blockchain technologies and are welcoming of the innovative efforts of those seeking to provide blockchain solutions across Europe.

European UnionTechnology
Derek Stinson
Derek Stinson
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EU regulators recognise the power of blockchain technologies and are welcoming of the innovative efforts of those seeking to provide blockchain solutions across Europe.

The EU also aims to develop a competitive and innovative financial services sector and published its Fintech Action Plan on 8 March 2018.

The EU's Financial Services Regulation Timeline:

  • Since Q1 2018 - the European Commission has been monitoring crypto-asset developments, including ICOs, to determine whether EU regulatory action is required.
  • In Q2 2018 - the commission was to consider implementing the European Financial Transparency Gateway based on distributed ledger technology (DLT). It also hosted an EU FinTech Lab, where EU and national authorities could engage with technology innovators in a neutral, non-commercial space.

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