Italy could soon enter the European Blockchain Partnership. This comes from one Member of Parliament (MP) Mirella Liuzzi said some days ago. On September 28, Luigi Di Maio signed in Brussels a collaboration of 26 EU countries on blockchain technology.
Italy Joins the European Blockchain Partnership
During an interview, Liuzzi said that the partnership would allow Italy to have its own roadmap related to the development of blockchain technology.
“Joining the partnership will allow Italy […] to define its own line in the development of [blockchain] technology – a practice which the previous government had never implemented.”
Liuzzi is the MP from the Five Star Movement, which is also governing the country in a coalition with the North League. Liuzzi has also explained that the government will be hiring experts in blockchain technology. The government aims at developing a clear strategy for the crypto and blockchain industries.
European Union states are able to cooperate in the technological field through the European Blockchain Partnership. It was created in April 2018 and has 26 different countries. Greece, Romania, Denmark, and Cyprus were the last members to join the list.
This is not the first attempt to have a framework for distributed ledger technology (DLT) and cryptocurrencies. At the beginning of the year, the former Ministry of Economy and Finance discussed with interested parties how to properly regulate the industry.
Back in February, the Nano cryptocurrency exchange BitGrail experienced an attack. The platform got hacked losing 17 million Nano tokens, equal to $195 million dollars at that moment.
The famous football club Juventus is also involved in the crypto space. The club officially announced a multi-year strategic global partnership with a blockchain platform known as Socios.com. In the near future, it will also be launching the Juventus Official Fan Token.
Italy entering the European Blockchain Partnership seems a very logical step for the country. Europe needs to debate further regulations to improve the legal environment as well. Companies in several European countries are waiting for regional regulations to start shaping the blockchain and crypto industry.
Carlos is an international relations’ analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.