European blockchain sandbox : best practices report; 1st cohort: Part B

The European Blockchain Sandbox is a regulatory sandbox which aims to establish a pan-European framework for regulatory dialogue. This initiative of the European Commission brings together national and EU regulators and authorities with providers of innovative blockchain/DLT applications in both the private and public sector to identify possible issues and solutions from a legal & regulatory perspective in a safe and confidential environment. The cross-border regulatory dialogues will allow innovators to better understand relevant laws and regulations. The exchanges will allow regulators and authorities to enhance their knowledge of cutting-edge technologies involving blockchain and distributed ledger technologies, and to exchange views and experiences with other regulators and authorities. The European Blockchain Sandbox does not imply legal endorsement or regulatory approval of the use cases, nor does it allow for derogations of applicable laws. Results are made available to the wider community through best practice reports. The initiative annually supports 20 projects and has started in 2023. The sandbox is open to use cases based on any blockchain infrastructure. Blockchain/DLT use cases are selected on the basis of published eligibility and award criteria and matched with relevant regulators and supervising authorities. The European Blockchain Sandbox does not imply legal endorsement or regulatory approval of the use cases, nor does it allow for derogations of applicable laws. Results are made available to the wider community through best practice reports.