European Lawmakers Take a Pro-Bitcoin and Pro-Blockchain Stance
- “If a bank does not think blockchain is in competition with fiat currency then they likely do not understand it.”
Not long ago, whenever European politicians, lawmakers and regulators talked about cryptocurrency it was always in a negative way, linking the technology to cyber crime, Money Laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Read this Term or terror financing. Now it's possible that the trend is changing with a pro-Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term group becoming more prominent in European affairs.
The London Summit 2017 is coming, get involved!
Eva Kaili is a Greek member of the European Parliament, representing the Panhellenic Socialist Movement (PASOK), and a former television news presenter. Last week she organised an event at the parliament building in Brussels titled: 'Spotlight on blockchain: A new generation of digital services'.
Eva Kaili
The tone set by the organizer was apparently very positive on the potential for both cryptocurrency and blockchain technology to disrupt the prevailing economic system. As Eva Kaili reportedly said: “If a bank does not think blockchain is in competition with fiat currency then they likely do not understand it.”
The event brought together blockchain entrepreneurs and developers as well as established financial stakeholders. These included: John Whelan of Santander, Cécile Wendling of AXA, Franck Guiader of France's Autorité des Marchés Financiers, Urmas Peiker the co-founder FunderBeam, Phil Barry of Blokur, Lionel Dricot from Ploum, François Sonnet of SolarCoin, Thibaut Schaeffer of Provenance, Marc Taverner of BitFury, Heiko Hees from brainbot technologies and more.
They discussed how blockchain technology can revolutionize finance, intellectual property rights, democracy, energy, supply chains, smart contacts and more.
This is just the latest example of the changing mood in the EU. Earlier this year the European Commission announced that it intends to launch a call for tender for a service contract to set up an ‘EU Blockchain Observatory’, with an estimated budget of €500,000 over a period of 2 years.
Not long ago, whenever European politicians, lawmakers and regulators talked about cryptocurrency it was always in a negative way, linking the technology to cyber crime, Money Laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Read this Term or terror financing. Now it's possible that the trend is changing with a pro-Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term group becoming more prominent in European affairs.
The London Summit 2017 is coming, get involved!
Eva Kaili is a Greek member of the European Parliament, representing the Panhellenic Socialist Movement (PASOK), and a former television news presenter. Last week she organised an event at the parliament building in Brussels titled: 'Spotlight on blockchain: A new generation of digital services'.
Eva Kaili
The tone set by the organizer was apparently very positive on the potential for both cryptocurrency and blockchain technology to disrupt the prevailing economic system. As Eva Kaili reportedly said: “If a bank does not think blockchain is in competition with fiat currency then they likely do not understand it.”
The event brought together blockchain entrepreneurs and developers as well as established financial stakeholders. These included: John Whelan of Santander, Cécile Wendling of AXA, Franck Guiader of France's Autorité des Marchés Financiers, Urmas Peiker the co-founder FunderBeam, Phil Barry of Blokur, Lionel Dricot from Ploum, François Sonnet of SolarCoin, Thibaut Schaeffer of Provenance, Marc Taverner of BitFury, Heiko Hees from brainbot technologies and more.
They discussed how blockchain technology can revolutionize finance, intellectual property rights, democracy, energy, supply chains, smart contacts and more.
This is just the latest example of the changing mood in the EU. Earlier this year the European Commission announced that it intends to launch a call for tender for a service contract to set up an ‘EU Blockchain Observatory’, with an estimated budget of €500,000 over a period of 2 years.