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EU hates cryptocurrency and likes blockchain – for all the wrong reasons


The European Commission – the executive arm of the European Union – is a supporter of the common “blockchain, not Bitcoin” adage, it seems. At a blockchain roundtable session earlier this week, the Commission announced a new distributed ledger initiative that aims to transform the digital services space. Not only that, a number of banking giants, including Spain-based BBVA, are already part of the project. Along with “industry leaders” and “innovative startups,” the Commission also discussed ways to support the development of the distributed ledgers and create the “right conditions” for the technology to flourish. The initiative, called “International Association…

This story continues at The Next Web

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