INTERVIEW: With its groundbreaking MiCA legislation out of the way, what's next for European blockchain regulation? Belgium's mathieumichel has some ideas. By jackschickler
Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.After regulating cryptocurrencies, European politicians are contemplating the next step in the race to attract Web 3 business – and it might be a tailor-made blockchain that respects privacy, Belgium’s digital minister told CoinDesk in an exclusive interview.
After a string of scams and scandals, Michel is in favor of moving away from purely financial applications of distributed technology, into public services and supply-chain management. If voted on in April, the bloc could become the world’s first major jurisdiction with a clear crypto framework – but the story shouldn’t end there if Europe wants to lead the world in blockchain, said Michel, a member of the French-speaking centrist party MR.
“Imagine you have Europeum – the blockchain that contains a whole series of conditions for protecting private life and so on, which are very transparent,” he said, conjuring a word that appears a play on the name of the Ethereum network. Instead of the political minefield of cryptocurrency, he said, it could focus on areas that are less sensitive or prone to abuse – like digitizing administrative documents or educational diplomas to be recognized across the bloc.
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