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Published on | 1 year ago
Programmes Deployment: Best use of technologiesThe European Regulatory Sandbox for Blockchain was launched in February 2023. Its goal is to provide a controlled environment for companies to test their products and services, while engaging with relevant regulators. It will run from 2023-2026, supporting 20 projects each year. The pan-European sandbox is set up and operated by a consortium of legal experts from Bird & Bird and its consulting arm OXYGY.
The European Commission, Bird and Bird and OXYGY have now announced 20 use-cases for the first cohort of the European Blockchain Sandbox. In a rigorous selection process and matching of use cases with relevant regulators/authorities, the project team aimed to ensure the Sandbox was populated with innovative use cases with a broad range of relevant regulatory topics, able to generate best practices to benefit the broader Blockchain community.
One use case of the European Blockchain Services Infrastructure has been approved by the EBP for participation in the lot for public entities, and 19 additional use cases were selected in accordance with a carefully curated selection process. The selected use cases span all EU/EEA regions and represent a wide range of industry sectors and regulatory topics.
More information and a detailed description of all use-cases can be found in the European Commission's news article.
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