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Six EU Nations Sign Agreement to Regulate Distributed Ledger Technology (DLT)

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Six eu nations sign agreement to regulate distributed ledger technology (dlt)

Six EU Nations Sign Agreement to Regulate Distributed Ledger Technology (DLT)
Eu dlt european union

The Government of Malta this week announced the signing of a joint declaration of cooperation on Distributed Ledger Technologies (DLT). They joined a group of six other Southern European countries; France, Italy, Portugal, Spain, Greece, and Cyprus.

Transformative Technology

The countries released a joint-statement noting a shared view that the digital sphere is an ideal policy area for future cooperation. It also claims that DLT (a.k.a. blockchain technology) and other emerging technologies, such as 5G and artificial intelligence, could transform the countries economies.

The Digital Economy and Society Index shows that Southern European countries have huge potential for growth in the sector. The countries believe that a cooperative approach can lead to an expansion of their digital ecosystems, making the region a leader in this industry.

Six eu nations sign agreement to regulate distributed ledger technology (dlt)

Game Changer

Distributed Ledger Technology is particularly singled out for its potential to further democratize the European economic model. The trust-based technology could transform services in areas as diverse as education, shipping, land registry, and healthcare.

This would increase transparency and accountability, whilst reducing administrative burdens. The promotion of blockchain enhanced solutions could empower citizens to take control of their personal data and online privacy.

Plan Of Action

The signees of the statement believe it is a government responsibility to promote emerging technologies and pledge to do so. This will be through educational programs at all levels to ensure citizens understand the technologies potential.

They state that “any legislation on Distributed Ledger Technologies should take into account the decentralized nature of such technology and should be based on European fundamental principles and technological neutrality.”

The countries plan to hold regular technical meetings, sharing best practices in the sector and exploring potential cross-border DLT projects. They commit to regular progress reviews and call upon the European Commission to continue working on the European Blockchain Partnership.

Go Southern Europe!

The full text of the statement (in English) is available here.

Will regulation of DLT help boost adoption or hinder it? Share your thoughts below!

Images courtesy of Shutterstock, Twitter

The post Six EU Nations Sign Agreement to Regulate Distributed Ledger Technology (DLT) appeared first on Bitcoinist.com.

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Gamers Rejoice! Top Up Your Steam Account Using Bitcoin

Gamers can now begin having marathon gaming sessions again as Bitrefill is now allowing gamers to buy Steam vouchers with bitcoin and Litecoin.

With the recent news that the Steam games platform would no longer be accepting bitcoin as a payment option, many gamers erupted into rage over the decision by Valve. However, Valve did say that the use of bitcoin as a payment option had become “untenable” for them.

Yet it’s always darkest before the dawn, and a new hope has emerged to keep gaming addicts comfortably ensconced in front of their TVs and monitors. Fans of the Steam platform can now buy globally redeemable vouchers from Bitrefill using Bitcoin. The vouchers are denominated in EUR but the company promises that the vouchers can be used globally. The announcement was made on the Bitrefill blog, which reads:

We’re happy to announce that you can now again pay for your Steam gaming with bitcoin–buying Steam vouchers directly through Bitrefill! The vouchers are denominated in Euros (€) and are valid all over the world — the voucher amount will instantly be converted to the currency on your Steam account.

Steam Gaming Platform

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Steam’s game platform dominates the gaming world, selling digital keys for games and other software. They have also diversified into the hardware field as well when they launched their own gampad and Linux-based SteamOS console. Their support for bitcoin, as few other retailers had accepted it, was widely seen as a boon for the cryptocurrency when they announced they would be begin accepting it as payment in 2016.

Steam’s decision to withdraw bitcoin payment was announced earlier in the week as bitcoin’s price moves were, within hours, rising or falling by thousands of dollars. Such volatility in a currency is hard to accept from a business as a certain small profit could easily turn into a significant loss within minutes. It should be noted, though, that Steam added in their statement that they were not ruling out using bitcoin as a payment option in the future.

Game On!

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For those looking to use the new vouchers, they are available for purchase from Bitrefill in denominations from 5 – 100 Euros. Payment can be made from your wallet of choice, including Xapo and Coinbase.

Are you on the Steam games platform? Have you purchased with bitcoin before? Will you now use Bitrefills vouchers? Let us know in the comments below.

Images courtesy of Bitcoinist archives, Twitter/@SatoshiLite, and Pexels.

The post Gamers Rejoice! Top Up Your Steam Account Using Bitcoin appeared first on Bitcoinist.com.

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