The sandbox is designed to help remove legal uncertainties around DLT use cases.
On Monday, March 14, the European Blockchain Observatory announced a call for tenders to contract a consortium, the mission of which would be to facilitate and operate a pan-European regulatory sandbox for distributed ledger technologies, or DLT, and blockchain, in particular. A major task for the future consortium will be to provide “comprehensive legal advice” concerning the operation of the core services of the European Blockchain Services Infrastructure (EBSI). The regulatory sandbox is envisaged as a space where regulators, blockchain enterprises and users will interact “in a trusted environment.” In addition to already existing EBSI projects, it will host a broad range of prospective blockchain applications across key industry sectors, with a necessary condition for such projects to complete a proof of concept. As the release goes
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