The first batch of blockchain use cases to debut in Europe's regulatory sandbox was formally introduced on July 3, following a long wait and nearly 90 applications received in April. First disclosed in 2020, the initiative aims to bridge the regulatory gap between European nations and crypto companies.
According to the European Commission, 20 projects have been selected in the first cohort, with companies in finance and capital markets, telecoms and IT, global trade, transportation, and cross-sectoral projects leading the group.