/
European-focused group shaping blockchain and digital currency regulation and policy.
The Blockchain and Virtual Currencies Working Group operates as an essential platform for industry experts to deliberate and influence regulatory frameworks surrounding blockchain and digital currencies. Located at the intersection of industry innovation and regulatory oversight, the Group's mission is to ensure that new technologies can flourish without compromising legal standards and consumer trust. It achieves this by engaging in strategic dialogues with key stakeholders, including European regulatory bodies and authorities, and contributing actively to policymaking processes. The WG emphasizes the importance of maintaining rigorous ethical standards, transparency, decentralization, and consumer protection as foundational pillars of its operations. The objective is to create a balanced ecosystem where innovation in blockchain technology supports economic growth while ensuring adherence to necessary legal protocols, thus reinforcing public trust in digital financial systems.
Technically, the Blockchain and Virtual Currencies Working Group is involved in shaping the conversation around blockchain-based technologies beyond just their financial applications. The Group provides ind...
The Blockchain and Virtual Currencies Working Group operates as an essential platform for industry experts to deliberate and influence regulatory frameworks surrounding blockchain and digital currencies. Located at the intersection of industry innovation and regulatory oversight, the Group's mission is to ensure that new technologies can flourish without compromising legal standards and consumer trust. It achieves this by engaging in strategic dialogues with key stakeholders, including European regulatory bodies and authorities, and contributing actively to policymaking processes. The WG emphasizes the importance of maintaining rigorous ethical standards, transparency, decentralization, and consumer protection as foundational pillars of its operations. The objective is to create a balanced ecosystem where innovation in blockchain technology supports economic growth while ensuring adherence to necessary legal protocols, thus reinforcing public trust in digital financial systems.
Technically, the Blockchain and Virtual Currencies Working Group is involved in shaping the conversation around blockchain-based technologies beyond just their financial applications. The Group provides industry stakeholders the opportunity to collaborate on drafting position papers, participating in expert groups, and influencing emerging regulations and standards that govern the operation and deployment of blockchain technologies in Europe. This includes advocating for regulatory frameworks that support the equitable treatment of digital currencies, such as calling for risk-based approaches to AML policies and facilitating the inclusion of exemptive reliefs for non-custodian software wallet providers. While the WG itself does not seem to engage in the direct marketing or deployment of blockchain projects like DeFi or NFT platforms, its far-reaching implications influence a range of possible use cases for blockchain technology in Europe. Through its ongoing efforts, the Working Group promotes a responsible and forward-thinking approach to regulating emerging technologies, ensuring that blockchain developments contribute positively to the digital economy and societal progress.
The BLOCKCHAIN and Virtual Currencies Working Group (WG) is an initiative that focuses on regulatory and legal aspects of blockchain technologies and virtual currencies in Europe. Its purpose is to create a forum where stakeholders such as regulatory bodies, industry experts, and academia can collaborate to discuss, develop, and promote a balanced regulatory framework that encourages innovation, competition, and investment in the blockchain sector.
The BLOCKCHAIN and Virtual Currencies Working Group benefits the blockchain industry by fostering collaboration among regulatory bodies, industry experts, and academia to develop regulatory frameworks. This collaboration helps ensure that regulations encourage innovation and investment while balancing security and compliance, thus supporting the growth and sustainability of blockchain technologies and virtual currencies in Europe and globally.
The BLOCKCHAIN and Virtual Currencies Working Group is unique because it emphasizes the regulatory and legal aspects of blockchain technologies within a European context. It serves as a platform for dialogue among various stakeholders aiming to influence policy-making processes. Being a member of the European Commission Payment Systems Market Expert Group further distinguishes it, providing it with strong influence in legislative discussions.
The global significance of the BLOCKCHAIN and Virtual Currencies Working Group lies in its focus on regulatory frameworks within Europe, which can set precedents that influence global blockchain and cryptocurrency regulations. Given the borderless nature of these technologies, policies shaped by this group could impact international standards, facilitating a secure and innovation-friendly environment worldwide.
Participants in the BLOCKCHAIN and Virtual Currencies Working Group include regulatory bodies, industry experts, and academic professionals. These stakeholders collaborate to address the complexities of blockchain technology and virtual currencies, aiming to create progressive regulatory frameworks. Their combined expertise helps drive informed discussions that shape policies affecting the blockchain industry.
The BLOCKCHAIN and Virtual Currencies Working Group addresses common issues related to policy and regulation, technology and security, and market developments in the blockchain and virtual currencies sectors. By focusing on these areas, the group works to mitigate regulatory roadblocks, enhance security measures, and adapt to evolving market trends to support the integrity and adoption of blockchain technologies.
Central hub advancing blockchain initiatives and education across Europe.
BlockGroup offers a holistic suite of blockchain services, including BlockVC for investments, BlockAsset for digital asset management, BlockWater for crypto market making, and Block PR Asia for PR, facilitating blockchain's mass adoption.
A 501c3 nonprofit providing education on web3 infrastructures with a focus on user empowerment.
Multifaceted organization bridging finance and blockchain innovations.
Advocates for pro-innovation policy in digital asset economy.
Hosts Europe's key blockchain and Web3 dialogue platform annually.
BPI bridges blockchain technology with policy-making, fostering informed regulatory frameworks for blockchain's growth and integration in economy and society through research, advocacy, and education.
Blockchain experts from currently more than 15 countries offering policy recommendations for a regulated and innovative digital assets ecosystem.
Non-profit championing blockchain in Germany
GWB is dedicated to promoting diversity in blockchain by empowering women and underrepresented groups with tools, resources, and mentorship for success in the sector.
Promotes blockchain and digital asset adoption globally.
A leading advisory and investment firm in digital asset management and blockchain innovation.
