The European Crypto Initiative (EUCI) Workshop, organised in collaboration with COALA and the BlockchainGov project of the European Research Council (ERC).

Photo Credit: EUCI LinkedIn page.

The second EUCI Workshop was organised in collaboration with COALA and the BlockchainGov project of the European Research Council (ERC).

The legislative and executive branches of government all over the world are intensively working on regulating blockchain technology and crypto. The European Crypto Initiative (EUCI) was born to impact current EU draft regulations such as the Markets in Crypto-Assets regulation (MICA) to ensure a positive approach to decentralized use cases, open blockchains and permissionless innovation. COALA is an international multidisciplinary collaborative research and development initiative that aims at reducing legal uncertainty in the field of blockchain technologies, smart contracts and DAOs.

The workshop was split into 2 tracks:

• EUCI track (July 16th):
  • The Markets in Crypto-Assets Regulation (MiCA) and the Transfer of Funds Regulation (TFR) – overview & future steps
  • Decentralisation & Regulation – main issues & future steps

• COALA track (July 17th):
  • NFT Licensing Task Force
  • DAO Model Law

Working group members gathered physically during the day to have the opportunity to continue working together asynchronously.

The goal of the meeting was to allow informal interaction between the industry and the institutions and to present the results from the first day of the workshop. The industry side was presented to the regulators in terms of issues and concerns, as well as educational stands explaining the future potential.