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The European Union (EU) has endorsed the Digital Decade policy initiative and is developing a formal blockchain infrastructure strategy. The European Parliament, on the other hand, approved the “Digital Decade” policy program by a vote of 529 to 22. It promises to help businesses and government agencies digitize their operations.
The European Parliament voted to approve the “Europe’s Digital Decade” policy plan, with a plenary vote of 529 to 22, with 25 abstentions. The plan will promote the digitization of enterprises and public services
— Shine🪐 (@Shine10000W) November 24, 2022
Furthermore, the policy would encourage the development of a “pan-European blockchain-based infrastructure.” According to the policy paper, the EU will launch a major plan to invest in web3 and blockchain technology, with participation from many countries. The plan also calls for the advancement of 5G, the strengthening of data infrastructure, and the enhancement of high-performance computing.
EU cross-border blockchain infrastructure to continue as parliament approves the digital decade policy program.🇪🇺🐳
— Whale Coin Talk (@WhaleCoinTalk) November 24, 2022
It should also be noted that the EU started with MiCA to ensure regulatory certainty for the cryptocurrency industry. The Markets in Crypto-Assets (MiCA) regulation, on the other hand, lays out some things, including new guidelines for grading and issuing cryptocurrencies.
Furthermore, services related to cryptocurrency markets will be regulated. MiCA will, in general, provide regulatory clarity to the crypto industry and may quickly become a model for other countries to follow.
EBSI Raises the Bar For European Crypto
As previously stated, on…
