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EU Parliament Member Praises Euro Stance on Blockchain, Digital Assets

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Eva Kaili, a member of the European Parliament, the body which exercises the legislative function of the EU, has been speaking out about cryptocurrency and the progressive stance of EU member states towards it.

Speaking at a Ripple event in London recently, Kaili, a former television news presenter who represents the Panhellenic Socialist Movement, was telling her audience how blockchain technology’s disruption of various sectors was beginning to be understood by many EU member states.

She was highlighting the contrast between the industry now and how it was a few years ago in the early stages of its development,  indicating that this was gradually leading to a more positive reaction from EU banks and financial institutions, primarily due to recent regulation.

According to her, another reason for blockchain not being resigned to becoming just another clever idea was the growing mainstream acceptance of the technology by leaders across the world. The stance by these over the past five years has changed noticeably as more and more digital currencies reach acceptance and blockchain becomes a feature of many huge institutions’ business plans.

A major focus of many of these institutions has centered around remittances and cross border payments, which have been clearly improved through blockchain technology. One example being Ripple, the hosts of the event, who maintain that their cross-border payments are becoming both quicker and cheaper as new tech is developed.

MEP Kaili has long been a blockchain and crypto advocate in the European Parliament. In November, she spoke exclusively to Bitcoin News about the Parliament’s release of EUR 700 million for startup projects promising “great solutions” with blockchain.

 

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