As has been widely discussed, the first cohort of the European Blockchain Sandbox is populated by 20 diverse, innovative use cases from across the EU/EEA, representing a broad variety of regulatory areas and industry sectors. With such a diversity of regulatory topics spread across EU/EEA regions, it was critical to involve relevant regulators & authorities in the sandbox from all EU/EEA regions to participate in the cross border regulatory dialogues and discuss potential issues and solutions.
Since the key regulatory focus areas for the first sandbox cohort were identified, the Sandbox team have been contacting relevant regulators and authorities across the EU/EEA, to identify those who would be best placed to join the dialogues with each of the participating use cases.
Similar to what was observed with use-cases, we noted considerable interest from regulators & authorities to participate in the regulatory dialogues. Surpassing our goal of reaching on average at least more than one regulator/authority per use case, we are delighted to announce that more than 40 regulators/authorities have accepted the invitation to join the dialogues for the first cohort of the European Blockchain Sandbox.
The participating regulators and authorities include, among others (and further acceptances are coming in):
Confidential dialogues between the selected use cases and the participating regulators and authorities have now begun. At the conclusion of these dialogues, a report will be published by the European Commission with best practices and lessons learned that have been identified while respecting the confidential nature of the dialogues.
For further information on the regulatory focus areas of the first cohort, see our post here. If you wish to learn more about the use-cases in the first cohort, see this post.