Barely a month after Italy joined Malta and six other EU-member nations to sign a blockchain deployment declaration in Brussels, the nation's government has taken a first step in the right direction.
On January 11, the Italian Ministry of Economic Development released a list of 30 experts from several industries that will become part of a newly created blockchain advisory board.
The new board is expected to identify essential public and private sectors where blockchain technology could be adopted within the nation's economy to a significant effect.
Notably, the list includes Pimpinella Martino Maurizio, who heads the Italian Association of Paying Services Providers; Monaco Marco, Leader of the Blockchain Competence Center of PWC Italy and Atzori Marcella, a member of the Board of Directors of the Blockchain & Society Policy Research Lab of the University of Amsterdam.
Some of the sectors where Italy is hoping to find blockchain success soon include voting, identification, securing the supply chain, and data management.
EU Intensifies Blockchain Regulation Efforts
Aside from Italy, we reported earlier that two EU financial regulators, namely the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) had urged the region to enact laws that will foster the growth of blockchain technology in the area.
Hopefully, the different actions taken on continental and separate government levels will be just enough the create the serene environment the EU needs to compete for blockchain prominence on a global scale.
Meanwhile, EU member countries like Switzerland, Malta, and Belarus already boast robust regulatory frameworks for the crypto and blockchain industry.
France is also reported to have mapped out $569 million for blockchain technology development, so whether Italy's new board of experts can propel the nation into joining the fold in the coming months will be an exciting development to keep an eye on.
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