MEP from Lithuania calls for softening blockchain regulation

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2 months ago
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On October 3, the European Parliament Committee voted to adopt the next resolution on distributed ledger technology and blockchain. Members of the European Parliament supported the resolution, which indicates a positive attitude towards the new technology among politicians of the European Union.

Antanas Guoga, MEP from Lithuania, noted that EU countries need to choose a different strategy for regulating the blockchain technology and get rid of the obstacles that prevent the development of DLT.

Resolution calls for progressive and innovation-friendly regulation. It addresses the effects of technology that could lead to a reduction in the number of intermediaries in such sectors as energy, health, education, creative industries, as well as in the public sector.