On 8 October 2019, the European Commission’s Joint Research Centre presented its report “Blockchain Now and Tomorrow: Assessing the Multidimensional Effects of Distributed Ledger Technologies“. The authors conclude that “blockchain” technology is still in a very early stage of development, but it is already evolving into a global ecosystem. However, national and EU legislators would have to make more efforts to see if the current legal situation is sufficient to keep pace with developments. This includes in particular the discussion about the legal classification of tokens and coins, the admissibility of smart contracts, consumer and investor protection or data protection legislation.
The study can be found here:
