How should Europe react to the new boom in cryptocurrency?
https://bitcoingarden.org/europe-react-new-boom-cryptocurrency/
On Thursday, members of the crypto community met with the regulators at the summit in Brussels, organized by ORCA Alliance and EU40. It was the first discussion on cryptocurrencies which is currently one of the most popular, but also the most controversial innovation in finance and technologies. This is significant step, as the meeting will supposedly encourage the further dialogue between crypto entrepreneurs and law makers, providing the opportunity for successful legislation of digital currencies.
The discussion went especially well, because there was a number of respectable crypto community representatives as Jorn Erbguth (Legal Expert), Anastasija Plotnikova (Legal Adviser, ETHLend,), Martins Liberts (Co-Founder, Debitum Network,), Sarah Compani (Legal Advisor, Bitfinex). They managed to bring valid points in the discussion, creating the confidence necessary for the further collaboration with policy makers. EP representatives Eva Kaili and Sorin Moisa participated together with Peteris Zilgalvis (Head of Unit, Startups and Innovation, Digital Single Market Directorate, DG CONNECT; European Commission) as well. Though agreed, the members of ECB did not take part in the event.
During the event, the regulators presented the current problematics of digital currencies, ICOs and Blockchain. Overall, the crucial issues found in these fields are the legal background and the lack of regulations. In other words, it is more than important to encourage the implementation of rules, preventing money laundering and ensuring security of users. Due to a number of loops in the current legal system, cryptocurrencies still cannot be considered as a legitimate form of payment. Therefore, the crypto community is willing to receive the guidelines from institutions and to implement them, as this action would move the industry forward due to the significant advance in legal background...
Topic: [2011-11-12] How should Europe react to the new boom in cryptocurrency? (Read 1413 times)
December 11, 2017, 08:28:24 AM
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