Eternity Law International News New steps in the development of the EBSI

New steps in the development of the EBSI

Published:
September 11, 2022
Share it:

Recently, a series of new steps in the development of the EBSI was implemented by the EBP.

EBSI is a joint initiative of EBP, consisting of 29 states and Commission which represents a system of blοckchain nodes across the EU, being in full respect of European values and regulation. The right to take part for service providers on the EBSI platform is rather conditional upon admission by the EBP.

Announcement of calls for proposals

In February, 2022, the EU Commission announced the 2nd part of calls for proposals under the Digital Europe Program. This refers to obtaining advancement to the EBSI for both the placement of its nodes and their activity. Also, the primary goal is to strengthen EU investments in blockchain strategy realization and to fortify the connection of those operations with the EBSI.

ERBSI updated web presence and new visual identity

Recently, information on the EBSI initiatives has been reconsidered with the purpose to make its visibility better and encourage the future attraction of users and investors to the EBSI and its usage. All interested parties have got invitations to receive notifications on the EBSI, the lighthouse customer, and other actions or updates that will be presented through the updated web platform.

Adoption of a decision to authorize EBSI software as an open source

The EU Commission has already adopted an official decision to open public availability to software for linking to the EBSI. This largely contributes to the development of the EBSI, paving the way to enhance innovations as EBSI status changes from the pre-production phase into production.

The resolution to grant EBSI software accessibility for licensing under the EU License and Commission is an excellent instance of how the Europe is not only leveraging, but undertaking appropriate measures to the open source community thereby boosting the ecosystem around EBSI and attracting new market participants. The prospective users of EBSI software are include the following:

  • public departments and agencies,
  • its service providers, and
  • private undertakings.

Basically, these steps towards the development of the EBSI are highly essential for the blοckchain domain due to growing the system and making it more secure, transparent, and accessible.

If you have any questions regarding EBSI, contact us. Our experts have a huge experience.

Also, you can view new offers in the categories “Cryptocoins and licensing of cryptocurrency operations”,Ready-made companies”, “Banks for sale” and “Licenses for sale”.

Table of contents

You could be interested

Protection Against Political Persecution France

There exists a considerable matter that can affect people around the world and features of which must be taken into account. This concerns political oppression. Government of a certain nation takes an aim at the individuals who express their different viewpoints or beliefs. Sometimes these people resort to actions which put the country at risk...

Cryptolicense in Kazakhstan

To date, Kazakhstan`s representatives of the local central bank have issued guidelines with recommendations for corporations who want to work in the field of a cryptocurrency exchange in Kazakhstan. These rules were adopted a year ago. According to the recommendations, for corporations wishing to work in this area, an obligatory point is to get a...

Interpol & International Criminal Defense Attorney Switzerland

Switzerland, known for its political neutrality and high regard for equity, has become a pivotal location for people and entities charged with global offenses. Due to its unique position within the transinternational legislative base, Switzerland is often the focal point for intricate global lawful matters, especially those involving Interpol. In such situations, it is notable...

Company registration in Slovakia

Slovakia is not a standard offshore zone. However, this does not make this jurisdiction less interesting for foreign investors. The legislative base of Slovakia provides for the creation of organizations such as JSC. For such companies, the authorized capital is set at 25,000 euros. Also, you can register an LLC – the minimum charter capital...

Forex License in Labuan

Licences granted by the Labuan Financial Services Authority (Labuan FSA) are approved licenses for those permitted as intermediary parties involved in cross-border currency derivative contracts and trading. The Malaysian Federal Territory’s Labuan jurisdiction offers an investment-friendly framework supported by pragmatic supervision, while operating as a distinct regulatory regime with specific constraints on dealings with Malaysian...

Investment fund in Estonia

Estonia, along with Luxembourg and the UK, is one of the most favorable jurisdictions for creating investment funds. In 2016, a new version of the Investment Funds Act came into force, which simplified the attraction of private collective investments through small alternative investment funds (AIFs). Investing capital in the commercial development of an investment fund...

Related posts

Obtaining gaming license in Nevis 2025

In the last 12 months, Nevis has emerged as a powerful draw in gambling. In the Caribbean, the island’s warm climate means that you can both work and live happily there, but from now on you’ll be rich. It features a series of uncorrupted juridical structures, easily-passed licensing channels, and an incredibly competitive tax backdrop....

Opening a business in Turkey

Turkey occupies a liminal position between Europe and Asia, making it a pivotal trade and investment crossroads. A dynamic economy and a huge local market draw entrepreneurs from around the world to the country. Understanding the local legal and financial landscape is the first step for those looking for opening a business in turkey. This...

GmbH vs UG: Credibility Premium vs Capital Efficiency for Early-Stage Teams

This is where the rubber meets the road for founders in Germany who are ready to incorporate their first company. They must choose between two very popular modes. GmbH or UG are both limited liability companies under German law that offer both forms of personal protection for shareholders and work within somewhat similar statutory frameworks....

Liquidation of companies in Cyprus

Key components in sustaining the attractiveness of the island in question as a nation for businesses include the tax system, EU membership, and corporate legislation. Termination is the last resort for a firm sometimes. It is crucial that in such a process, members of the board, investors, and advisers have exposure. The paper gives simple...

From Share Purchase Agreements to Smart Contracts: Redefining Legal Frameworks

The world of corporate deals has always had its drama. Negotiations, long documents, endless edits, lawyers from both sides who spend weeks agreeing on every comma in the Share Purchase Agreement. But imagine a completely different picture: instead of a ton of tribulations on the way to perfection, there are a few lines of code...

Argentina Corporate Tax Explained

To investors and entrepreneurs eyeing Argentina, navigating the country’s corporate taxation sphere isn’t just a bureaucratic hassle; it’s a key step to building a viable and compliant business there. The fiscal regulations are not perfectly committed, but this region is rich in detailed tax laws that are quite well crafted towards control and digital verification....

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Fill the blank: