EDCAB will lead a roundtable series as the European Parliament considers clampdown on Bitcoins. EDCAB, the Brussels-based public policy platform for digital currencies and distributed ledger technologies, has organised a roundtable series in the European Parliament, during a critical week for industry.
Traditional financial services players such as Barclays and Nasdaq joined leaders from the virtual currency and blockchain world to meet with policymakers from across the EU institutions in a series of meetings organised by EDCAB in the European Parliament, said a statement.
Participants were also joined by the World Bank, IMF, the Bank for International Settlements, OECD, the European Securities and Markets Authority and Europol to discuss how best to develop an optimal regulatory framework for the nascent sector. EDCAB Founder, Siân Jones, moderated sessions on the economic benefit of virtual currency, trusting distributed ledgers and ensuring effective and proportionate legislation.
The series comes at an important time and virtual currencies have rapidly risen up the European policy agenda in all the major institutions. On Tuesday, the European Parliament’s Economic and Monetary Affairs Committee discussed their report on future regulation of the European virtual currency and blockchain industry. The influential Internal Market and Consumer Protection Committee also met yesterday and today, to review and discuss amendments to their opinion on the report.
Jones said: "As the only independent European public policy platform for virtual currencies and distributed ledger technology, EDCAB is delighted to be playing a leading role in shaping discussions between industry and policymakers in order to secure a sound regulatory and policy landscape".
The sector has benefited from cross party support and roundtables were well attended with participants from all European institutions. Syed Kamall MEP, Chair of the European Conservatives and Reformists Group opened discussions on "Virtual currencies: The future of money".
Kamall said: "I believe that it is essential that […]
