Bitcoin legislation expert launches European digital currency & blockchain technology forum

Rage Comment : As European government interest rates rise, in order to establish a strong and comprehensive policy and regulatory framework, it is crucial to build a forum that has a deep understanding of blockchain and can conduct open discussions. The European Digital Currency & Blockchain Technology Forum (EDCAVB) in Brussels is a public policy platform for digital currency and distributed ledger technology. Any enterprise, non-profit organization, think tank and academic research institution and individuals interested in digital currency and distributed ledger technology can become a member of the forum. Trusted distributed ledgers will explore how this technology can promote trade and economic prosperity and improve the lives of residents.

Translation: Nicole

Bitcoin experts launch European digital currency & blockchain technology forum

In the face of rising government interest rates in Europe, a new trading body has emerged that offers comprehensive clarity on digital currency regulation.

The Brussels-based European Digital Currency & Blockchain Technology Forum (EDCAVB), a public policy platform for digital currencies and distributed ledger technologies, co-organized a flagship industry exhibition at the European Parliament from April 18 to 21, 2016.

Digital currencies have quickly appeared on the policy agenda of major institutions including the European Parliament, and the Council of the European Union placed digital currencies at the top of its agenda at its February meeting, advocating legislation by the end of June 2016.

The European Parliament is preparing its first report on digital currencies, with the Committee on Economic and Monetary Affairs scheduled to vote on it on April 25, 2016. In addition, the Committee for Internal Market and Consumer Protection is also considering the matter later this month.

The European Commission is already considering an action plan and proposals for virtual currency regulation to combat financial terrorism, with legislation expected by the end of June.

Taking into account the European Parliament’s policymakers, legislators, regulators and law enforcement agencies, the independent non-profit organization EDCAVB aims to develop a sound regulatory and policy agenda for virtual currencies and distributed ledgers in Europe.

Sian Jones, founder of EDCAB, has an unparalleled legal understanding of digital currencies.

Sian Jones

Jones said in a statement:

“To build a strong and comprehensive policy and regulatory framework, collaboration based on a deep understanding of blockchain and open discussion is essential. The creation of EDCAB means that the industry will have a long-term partnership with policymakers to achieve positive outcomes for the sectors it serves and the people of Europe.”

The goal of the forum is to provide a safe place for exchanging ideas and ensure that policy systems are developed from the perspective of the digital currency and blockchain industry. Any enterprise, non-profit organization, think tank and academic research institution and individual interested in digital currency and distributed ledger technology can become a member of the forum.

EDCAB and the Cobden Centre will bring digital currencies and blockchain technology to the European Parliament in Brussels from 18 to 21 April 2016. The event is hosted by Syed Kamall MEP for industry and policymakers and will be divided into three roundtables, managed by Jones.

Participants included traditional financial services players such as Barclays and NASDAQ, representatives from blockchain and internet finance group Circle Internet Financial, as well as representatives from the World Bank, the International Monetary Fund, the Bank for International Settlements, the Organization for Economic Cooperation and Development, the European Securities and Markets Authority and Europol.

The discussion will focus on digital currency: the future of digital currency lies in how the European economy can benefit from the transition from public-private choice to government-issued currency. At the same time, the discussion: 'Blockchain: A trusted distributed ledger will explore how this technology can promote trade and economic prosperity and improve the lives of residents. The final roundtable ended with a discussion, 'Regulating digital currency and blockchain: a balanced approach'.