{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=DE&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=EU+blockchain+and+crypto+adoption%3A+%24177+billion+investment+towards+tech&text=The+European+Union+has+allocated+%24177+billion+towards+technological+development%2C+including+blockchain+and+cryptocurrency+testing+in+the+region.&text=The+European+Union+has+been+reported+to+be+looking+to+increase+tech+development+in+the+continent+with+a+multibillion-dollar+investment.+The+Union+is+planning+to+fund+investment+in+the+technological+industries%2C+including+blockchain+and+data+infrastructure.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%3Ca+href%3D%22https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2021-09-15%2Feu-targets-blockchain-data-in-make-or-break-tech-investment%22%3EAs+per+a+Bloomberg+report%3C%2Fa%3E%2C+the+funds+are+coming+from+the+EU%27s+%E2%82%AC750+billion+%28%24887+billion%29+pandemic+recovery+fund.+About+20%25+of+this+%28%24177+billion%29+will+be+used+to+research+and+develop+technology+and+its+implementation.+Projects+will+be+organised+across+several+countries+in+the+EU+with+a+specific+push+towards+those+with+regional+manufacturing+semiconductors.+Following+the+pandemic%2C+there+has+been+a+global+shortage+that+has+slowed+carmakers+to+slow+down+their+production+lines.+Part+of+the+EU%27s+investment+will+be+to+increase+production+time+and+find+a+resolution.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AAccording+to+EU+Commission+President+Ursula+von+der+Leyen%2C+this+will+be+a+digital+%E2%80%9Cmake-or-break+issue%E2%80%9D+for+the+region.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AEU+officials+will+be+directing+funding+towards+the+development+in+the+following+areas+by+2030%3A%3Cimg+class%3D%22aligncenter+size-large+wp-image-146671%22+src%3D%22https%3A%2F%2Fwww.coininsider.com%2Fwp-content%2Fuploads%2F2021%2F09%2FNigeria-32-Vietnam-21-Philippines-20-Turkey-16-Peru-16-Switzerland-11-India-9-China-7-U.S.-6-Germany-5-Japan-4-1024x726.png%22+alt%3D%22%22+width%3D%22640%22+height%3D%22454%22+%2F%3E%0A%0ANo+information+has+been+given+on+where+and+how+the+funding+will+be+invested+in+each+sector.%0A%3Ch2%3EThe+European+Union%27s+current+technology+and+blockchain+plans%3C%2Fh2%3E%0AIn+September%2C+the%3Ca+href%3D%22https%3A%2F%2Fwww.icodata.io%2Fnews%2Fiota-selected-by-the-eu-to-test-blockchain-platform%22%3E+IOTA+Foundation+announced+that%3C%2Fa%3E+it+had+been+selected+as+one+of+seven+organisations+to+support+the+initial+development+and+early-stage+testing+of+the+European+Blockchain+Service+Infrastructure+%28EBSI%29.+As+an+EU-wide+blockchain+project%2C+the+initiative+aims+to+%22%3Cem%3Edesign+new+DLT+solutions+to+improve+the+scalability%2C+energy+efficiency+and+security+of+EBSI%2C+a+network+of+blockchain+nodes+across+Europe.%22+%3Cstrong%3EBold%3C%2Fstrong%3E%3C%2Fem%3E%0A%0AAs+a+blockchain+solution%2C+IOTA+offers+massive+potential+to+support+the+EU+project+to+establish+and+maintain+international+and+governmental+relations+through+blockchain.+With+open-sourced+and+transparent+communication%2C+the+initiative+could+spark+a+technological+revolution+in+the+way+relations+can+be+conducted+across+the+EU.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AFurther%2C+in+2019%2C+the+region+initiated+a+project+to+support+and+increase+the+adoption+of+distributed+ledger+technology+in+the+EU.+The+aim+of+the+International+Association+of+Trusted+Blockchain+Applications+is+towards+%22%3Cem%3Esupporting+interoperability%2C+developing+specifications%2C+promoting+standards+and+regulatory+convergence+to+support+the+development+and+exploitation+of+innovative+blockchain+technologies.%22%3C%2Fem%3E%0A%3Ch2%3ECryptocurrency+development+and+regulatory+rising+in+the+EU%3C%2Fh2%3E%0AAs+a+result+of+projects+and+platforms+to+pilot+and+launch+blockchain+projects%2C+the+EU+is+spearheading+piloting+how+the+innovative+technology+can+be+implemented+as+a+scalable+solution+to+several+issues+in+the+region.+If+the+technology+continues+to+see+increased+testing%2C+development+and+establish+itself+as+part+of+governing+relations+and+solutions%2C+we+will+start+seeing+stronger+regulation+and+framework+surrounding+the+technology.+If+this+is+the+case%2C+we+will+very+likely+see+how+quickly+the+technology+can+be+adopted+for+active+use+in+the+financial+realm+in+the+region+and+across+the+globe.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AWhile+Bitcoin+might+not+be+the+elected+solution+-+despite+the+adoption+emerging+in+countries+like+El+Salvadore+fully+accepting+the+token+as+legal+tender+and+Ukraine+leaning+in+the+same+direction+-+cryptocurrency+regulation+is+on+the+rise.%0A%3Ch2%3ECrypto+and+blockchain+regulation+in+the+EU%3A+National+or+regional%3F%3C%2Fh2%3E%0AAccording+to+a+%3Ca+href%3D%22https%3A%2F%2Fwww.euronews.com%2Fnext%2F2021%2F09%2F01%2Fmajority-of-europeans-want-their-countries-to-regulate-crypto-not-the-eu-exclusive-euronew%22%3Erecent+survey+conducted%3C%2Fa%3E+by+Redfield+%26amp%3B+Wilton+Strategies+for+Euronews%2C+many+EU+citizens+would+elect+for+national+regulation%2C+rather+than+European+Union+intervention.+The+results+were+taken+from+respondents+across+the+region+from+Estonia%2C+France%2C+Germany%2C+Greece%2C+Hungary%2C+Italy%2C+Latvia%2C+Lithuania%2C+the+Netherlands%2C+Poland%2C+Portugal+and+Spain.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AAccording+to+the+respondents%2C+a+whopping+61%25+in+Greece%2C+34%25+in+Germany%2C+and+31%25+in+Latvia+believe+that+the+EU+and+ECB+played+too+big+a+role+in+the+country%27s+economy.+In+all+of+the+countries+surveyed%2C+100%25+responded+that+they+would+prefer+national+over+regional+regulation+in+terms+of+cryptocurrency+and+blockchain+adoption.%0A%3Cdiv+class%3D%22flourish-embed+flourish-chart%22+data-src%3D%22visualisation%2F7148468%22%3E%3Cscript+src%3D%22https%3A%2F%2Fpublic.flourish.studio%2Fresources%2Fembed.js%22%3E%3C%2Fscript%3E%3C%2Fdiv%3E%0AThe+survey+found+that+there+was+a+mixed+result+across+the+continent+regarding+whether+citizens+would+prefer+cryptocurrency+or+a+digital+currency+in+the+country+or+not.%0A%0AThose+in+Italy+with+41%25%2C+Greece+with+40%25%2C+Estonia+with+39%25+and+Spain+with+37+per+cent%25+were+the+highest+to+support+cryptocurrency+initiatives.+On+the+other+side+of+the+coin%2C+the+Netherlands+brought+the+only+results+where+there+was+more+opposition+than+the+support+of+a+digital+currency+with+37%25+not+in+favour.","timeout":15}