EU

The European Union (EU) has shown the need for a consistent blockchain technology protocol which would enable interoperability as well as scalability. The report labeled “Scalability, Interoperability, and Sustainability of Blockchains” was issued by ConsenSys on behalf of the EU Blockchain Observatory and Forum. It gives insight into the latest and possible future states of distributed ledger technology (DLT) in Europe, allowing for the contribution of diverse stakeholders and sources.

Fresh EU rules may be required to strongly safeguard users from cryptocurrency risks, stop money laundering and prevent diverging national regulations from forming unjust contention, European Union regulators revealed on January 9, 2019.

The executive body of the Irish Government – the Cabinet, officially approved a bill giving effect to the EU Fifth Anti-Money Laundering (AML) Directive, according to a Thursday, January 3, 2019 report by the Irish Times.

Mayor Luigi De Magistris used Bitcoin (BTC) to purchase a pizza at the historic Neapolitan Pizzeria during the Blockchain Napoli project presentation that occurred on December 15, 2018, according to a recent Cryptonomist report.

In August 2018, Chancellor Philip Hammond predicted hefty economic injury from crashing out of the EU without a deal, warning of an 87.7% punch to GDP and a £80 billion void in public finances.

Switzerland's Federal Department of Finance wants the Israeli Ministry of Finance to permit Swiss banks and other major financial institutions to trade funds in the modern country in the Middle East. Israel is hoped to reply back to Switzerland within a year.

On September 7, 2018, Finance Ministers from 28 EU countries will converge in Vienna to discuss and collaborate on regulating the emerging cryptocurrency market.

The global's first university powered by Blockchain technology could set up shop in Malta, and academics from some of the global's top universities have already signed up, as per reports from Medium on August 24.

Do you know that your data is harvested, continuously by big data companies? So what, you say; what if we told you that the data market for the EU is set to hit €1 trillion by 2020, and data companies are making billions from it, without you getting anything for your information, could this make you think differently?