EU Countries to Sign Blockchain Development Declaration

The project participants intend to exchange experience and knowledge in the technical and regulatory sphere
11 April 2018   399

More than 20 EU countries signed a declaration on the European partnership in the field of blockchain technologies. This is reported by RIA News with reference to the press service of the European Commission.

The project participants intend to exchange experience and knowledge in the technical and regulatory sphere, to prepare the launch of unified applications for the EU using distributed ledger technology for the public and private sectors.

In order to take advantage of the opportunities of blockchain technologies and to avoid a fragmented approach, the participants of this declaration agree to cooperate in the creation of a European partnership for the development of the blockchain infrastructure that will help to improve trustworthy and user-oriented digital services within a single market.
 

EU Declaration

The agreement provides that the first cross-border actions should begin by the end of 2019.

Earlier it was reported that the European Commission intends to invest about 300 million euros in projects that support the use of blockchain technology.

Brazilian Central Bank to Issue Stablecoin

According to participants of the project, the issue of the BNDES coin will help restore public confidence in Brazilian state banks
17 December 2018   68

The state-owned Brazilian National Social Development Bank intends to issue a cryptocurrency token tied to the Brazilian real. It is reported by CoinDesk.

The pilot project for the production of a token BNDES based on Ethereum will start in January next year. At first, the coin will be used to finance cultural institutions. In particular, the bank will allocate a certain number of new tokens to the local cinema agency.

As the newspaper notes, the bank conducted experiments with steyblecoin throughout 2018. The consultant of the project for the release of a new “stable coin” will be the well-known Ethereum start-up ConsenSys.

According to representatives of the bank, the issue of the BNDES coin will help restore public confidence in Brazilian state banks, which are often criticized due to corruption scandals.

Also, the bank is confident that in the future, stablecoin can be used to finance organizations and projects from various fields.

Note that recently in Brazil there has been a trend towards liberalization of the regulation of cryptoindustry. For example, in October, the Brazilian Securities Commission allowed local investment companies to invest in a cryptocurrency ecosystem through the acquisition of derivatives and shares in foreign funds. It is noteworthy that at the beginning of the year the same financial regulator announced the prohibition of both direct investment in cryptocurrency and indirect investment through intermediaries in the person of foreign companies.