Blockchain Regulation in Key European MarketsThis IDC Perspective highlights the concerns of regulators in key European markets around the use of blockchain technology — in particular, the application of smart contracts and their status in law, the use of tokens, and tax implications for crypto-transactions. It rounds up current regulatory frameworks and analyzes their direction of travel in the short to medium term."European legislation in blockchain is being developed rapidly in the past six months. These measures hopefully will increase trust in the entire blockchain ecosystem, create better conditions for innovation for blockchain players, and contribute to protecting financial market integrity," said Neli Vacheva, research manager, IDC Europe Customer Insights and Analytics.
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