Following the selection of the use cases for the first cohort, the European Blockchain Sandbox team have identified the most relevant regulatory areas represented across the cohort. This ensures each use case can be matched with regulators with the most applicable expertise, enabling effective and productive dialogues.
The Project team are pleased to announce the list of regulatory focus areas for discussion in the first cohort. The regulator matching process is advancing, and we invite interested regulators and authorities in these areas to get in contact via info@blockchain-sandbox.eu if they are interested in participating in the Sandbox:
REGULATORY FOCUS AREAS (ALPHABETICAL ORDER) – FIRST COHORT (2023)
AML/KYC | CYBER SECURITY |
BATTERIES & WASTE BATTERIES REGULATION | DATA PROTECTION |
CO2 EMISSIONS | DATA GOVERNANCE ACT |
THE COMMERCIAL REGISTERS | DLT SPECIFIC REGULATIONS (MiCAR, DLT pilot regime) |
CONSUMER PROTECTION | EIDAS / DIGITAL IDENTITY REGULATION |
CUSTOMS REGULATION | FINANCIAL MARKETS REGULATION |
About the European Blockchain Sandbox
The goal of the European Blockchain Regulatory Sandbox is to facilitate the cross-border dialogue with and between regulators and supervisors on the one hand, and companies or public authorities on the other hand. In these dialogues, use case developers can present their business case to receive legal guidance from regulators. The law firm Bird & Bird acts as a facilitator, sets up a safe interface between developers and regulators and provides legal advice to selected blockchain use cases. Regulatory questions may concern any area of law. The sandbox will allow supervisors to enhance their knowledge of cutting-edge technologies involving DLT. Lessons learned will be shared between participating regulators, helping the European Commission to identify best practices. The European Blockchain Regulatory Sandbox will cooperate with other relevant sandboxing frameworks, in particular the EU Digital Finance Platform and the Artificial Intelligence Sandboxes once established under the AI Act. This collaboration is of pivotal importance given the increasing convergence of innovative technologies in use cases often involving several industry sectors.
The sandbox establishes a pan-European framework for regulatory dialogues to increase legal certainty for innovative blockchain solutions. Funded by the Digital Europe Programme and delivering on the SME strategy, the sandbox will run from 2023 to 2026 and will annually support 20 projects including public sector use cases on the European Blockchain Services Infrastructure. Projects will be chosen through calls for expression of interest. Every year, the most innovative regulator participating in the sandbox will also be awarded a prize. The sandbox will be facilitated by a consortium under the leadership of Bird & Bird and its consulting arm OXYGY supported by blockchain experts of Warren Brandeis (formerly known as WBNoDE) and web-designers of Spindox, which has been procured through an open call for tenders in 2022. The selection process for each cohort is overseen by a panel of independent academic experts.
Follow us on social media:
Click here to go back to the front-page.
Click here to go back to the main website.