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European Commission to launch blockchain regulatory sandbox by 2022

Published 09/24/2020, 06:06 AM
Updated 09/24/2020, 07:40 AM
European Commission to launch blockchain regulatory sandbox by 2022

The European Commission in collaboration with the 30-country alliance called the European Blockchain Partnership (EBP) plans to launch a pan-European blockchain regulatory sandbox by 2022.

Per an update to the official webpage for the commission’s Digital Innovation and Blockchain team on Sep. 23, the European Commission will work with EBP on the sandbox to test use cases of blockchain and digital assets in the European Blockchain Services Infrastructure, or EBSI. The EBSI is a joint initiative of the European commission and the EBP that aims to deliver cross-border digital public services across the EU using blockchain technology.

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