The European Commission will release a special regulatory framework for blockchain projects

The European Commission will release a special regulatory framework for blockchain projects

According to Reuters, the European Commission, the Executive body of the EU, intends to create a special framework for the regulation of the FINTECH region, including blockchain projects.

According to the draft document in the final version should be out this week, EU regulators intend to adopt General rules and standards that will govern issues such as crowdfunding and standards of blockchain projects.

This should put an end to the “patchwork” regulatory system, which now in many countries of the block have different rules.

This framework offers a European passport and at the same time ensure a proper management of the platforms and the protection of investors.

The document focused on blockchain projects, and not on the cryptocurrency. This happens on the eve of the EU Blockchain Observatory and Forum. Event organizers have positioned as one of the most eventful in the field of blockchain technology.

As for cryptocurrency, the head of the EU financial sector Valdis Dombrovskis said in his speech on February 26 that lawmakers are “ready” to enter, if necessary, regulations.

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