This article was first published on Insights – Ripple
When Eva Kaili first attended a blockchain conference shortly after being elected as a Member of the European Parliament for Greece in 2014, she was treated with suspicion by advocates of the then-nascent technology.
“When they heard I was a politician, they didn’t want me there,” she told the crowd gathered at the luxury Andaz hotel for the recent Ripple Regionals event in London. Rather than be fazed by her reception, this inspired Kaili to be even more determined to understand the benefits of blockchain.
“I believed that if we were not positive,” she explains, “the resistance of the traditional players would only increase and could even kill a technology that had so much potential for good.”
The contrast between then and now is notable. Kaili’s Ripple Regionals talk on how the E.U. will regulate blockchains and digital assets was well received by the assembled leaders from banks, financial institutions and fintech businesses for two simple reasons: the growing mainstream acceptance of the technology and the E.U.’s new positive approach to regulation.
Positive resolutions and funding innovation
Up until recently, many of world’s financial institutions had taken a defensive stance to digital assets. Their presence at Ripple Regionals demonstrates how many are now seeing the value of using the technology to provide their customers with faster, cheaper and more transparent cross-border payments.
Yet, there is still work to be done on the regulatory front and Kaili is passionate about helping to provide the clarity that will help remove barriers to adoption. For the past four years, the Greek MEP has spearheaded a fresh Europe-wide approach to blockchain and digital assets.
In 2018, she proposed a European Parliament Resolution that calls on the European Commission and the European Central Bank (ECB) to look into the sources of ...
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Insights – Ripple