ChainCatcher reported that the European Commission has announced the second batch of regulators participating in its blockchain sandbox program. The European Blockchain Sandbox Initiative (EBSI) recently stated that 41 authorities and regulators from 22 countries in the European Union and the European Economic Area have joined the initiative.
Participants included authorities from the following countries: France, Spain, the Netherlands, Italy, Greece, Slovenia, Germany, Cyprus, Portugal, Bulgaria, Belgium, Denmark, Norway, Latvia, Malta, Poland, Hungary, Slovakia, Iceland, Liechtenstein, Lithuania and the Czech Republic.
The European Commission launched EBSI to support use cases involving distributed ledger technology (DLT). The project aims to provide a framework for blockchain projects, regulators and authorities to engage in dialogue and identify legal and regulatory barriers to blockchain innovation and increase regulatory certainty for decentralized technology solutions such as blockchain.
