The first batch of blockchain use cases to debut in Europe's regulatory sandbox was formally introduced on July 3, following a long wait and nearly 90 applications received in April. First disclosed in 2020, the initiative aims to bridge the regulatory gap between European nations and crypto companies.
Blockchain projects selected for the first cohort of the EU regulatory sandbox. Source: European Commission.for blockchain technology were announced by the European Commission and the European Blockchain Partnership back in 2020. The goal, according to the Commission, is to foster dialogue between regulators, crypto projects and public authorities.
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