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

New steps in the development of the EBSI

Published:
September 11, 2022

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

Top 5 Best Jurisdictions for SPI license

When planning their trade, corporate co-founders actively look for places where they can open a legal entity and it’s easy to get a license to start your own payment business. To do this, they actively study the laws of the countries study their economic performance, and the requirements of local regulators. If co-founders decided to...

Company Registration In Morocco

Morocco is a regional commercial center with good conditions for attracting investments. The Kingdom pursues an economic policy that attracts many countries of the world to open businesses in the region. Its geographical location serves as a bridge between the West and Africa, as well as between the countries of the Middle East and the...

Ready-made company in St. Vincent

Saint Vincent is a picturesque Caribbean nation, is not only known for its stunning beaches and lush landscapes but also for its favorable foreign  business environment. For entrepreneurs and investors looking to establish a presence in this tropical paradise, buying a ready-made company can be a strategic move. In this article, we will explore the...

How Buying a Ready-Made Company in Lithuania Streamlines Your EU Expansion

Speed and compliance are the two factors that mostly play on the minds of founders who wish to head into the EU merchant. This is exactly where ready-made companies for sale in Lithuania step in. Why waste months creating a new legal entity, filing endless registrations, and waiting for approvals when you can step directly...

BIPRU companies in United Kingdom

BIPRU refers to well-know but, officially not used from the start of the 2014, definition of certain type of UK financial institutions. The term was used as an acronym to Prudential Sourcebook for Banks, Building Societies and Investment Firms. Although the BIPRU definitions are formally outdated, they still specified  in the glossary of the handbook...

Crypto exchange in Nigeria

In May 2022, Nigeria officially adopted a law on the regulation of cryptographic means. Today, registration of a structure such as crypto exchange in Nigeria is a new phenomenon for business owners, however, this allows local regulators to fully license this activity, and allows companies to operate in accordance with certain laws and regulations. Below,...

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....
Fill the blank: