The European Blockchain Sandbox Team under the leadership of law-firm Bird & Bird, in cooperation with its consulting arm OXYGY and technical expert Warren Brandeis, is pleased to announce today, together with the European Commission, the publication of the complete best practices report 2024 (1st cohort). Part A of this report, sharing a summary of the experiences gained and lessons learned in setting up and running the 1st cohort of regulatory dialogues, was published earlier this year. Part B of the best practices report published today includes the regulatory best practices which came out of the dialogues with the use cases.
Please click on this link to find the full report and the abstract (in english and french) here.
The dialogues for the 1st cohort took place from the end of 2023 until May 2024, and the lessons learned, best practices and recommendations identified during the dialogues, which are presented in Part B of the best practices report, are significant for the wider blockchain community.
The best practices report was launched with a supporting public webinar on the 20th June, in which the Sandbox team shared an overview of the regulatory best practices identified in cohort 1, and answered questions from the audience about the report.
Also announced during the public webinar was the Most Innovative Regulator Award that was awarded by a panel of independent academic experts from different European universities. While recognizing that the best practices report was the result of the contributions by each of the appr. 50 regulators/authorities that participated as first-movers in the 1st round of dialogues, the honour was awarded jointly to BFDI (Der Bundesbeauftragte für den Datenschutz und die Informationsfreiheit), Banco de España, CNMV (Comisión Nacional del Mercado de Valores), NKOM (Nasjonal kommunikasjonsmyndighet), and Banca d'Italia for their outstanding and innovative contributions during the 1st cohort of dialogues. Congratulations to the joint winners for this fantastic achievement.
Further best practices reports for cohort 2 and 3 will be published following the completion of each of these cohorts, and the most innovative regulator of each cohort will be awarded following the cohort dialogues.
To read Part A of the 2023 best practices report click here
For more information on the selected use cases for the 2nd cohort click here
The pan-European Blockchain Sandbox is set up and operated by a consortium of legal experts from the law firm Bird & Bird and its consulting arm OXYGY supported by blockchain experts of Warren Brandeis and by the web-designers of Spindox, which has been procured through an open call for tenders in 2022. The selection and the award process will be overseen by a panel of independent academics consisting of Professor Roman Beck (IT-University, Copenhagen), Professor Soulla Louca (University of Nicosia, Cyprus) and Professor Walter Blocher (Universities of Kassel and Vienna).
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