From: Bitcoin Magazine

European Parliament members (MEPs) voted to take a hands-off approach to regulating blockchain technology, Ars Technica reports. Following the vote, unnamed sources told Ars Technica that European Commission staffers are working hard to understand the distributed ledger technology behind virtual currencies ‒ seven years after the launch of Bitcoin, with venture capital investments now totalling more than €1 billion.

The MEPs voted in a proposal, set out in a resolution (a short summary is also available) drafted by Jakob von Weizsäcker, which suggests that a new task force, which would be overseen by the European Commission, should build expertise in the underlying technology of virtual currencies. The proposal, which was passed by 542 votes to 51, with 11 abstentions, will now be sent to the European Commission.

Read Complete Article