The prime minister of Slovenia touted the benefits of blockchain earlier this week while highlighting a new government-backed think tank focused on the tech.
Prime Minister Miro Cerar was speaking at the Digital Slovenia 2020 gathering on Wednesday when he gave a wide-ranging speech on blockchain. During the remarks, he notably declared that the government "want[s] to position Slovenia as the most recognised blockchain destination in the European Union."
He touted the country's startup community, and also disclosed that the government is looking at administrative applications of blockchain.
The think tank will likely play a role in these ongoing efforts.
The recently inaugurated group – announced on Oct. 3 – will act as a point-of-contact between blockchain developers, industry stakeholders and the Slovenian government, while also coordinating with different companies to create educational materials on the technology. The country's Ministry of Public Administration is formally backing the effort, which will play a role in developing new regulations around the tech.
According to the prime minister, Slovenia is looking to throw its weight behind the tech in a broad way.
"Slovenia as a whole is therefore setting itself up as a blockchain-friendly destination, and to that end it is establishing the pillars of a national blockchain ecosystem in the area of the transfer and spread of information, the adoption of legal regulations and the promotion of a supportive environment for the development of companies working in the area of blockchain technology," Cerar remarked.
His remarks closely follow statements from Slovenia's Financial Stability Board, which said that blockchain innovations "are welcome from the perspective of the development of the country."
In the same release, the board also warned citizens against investing in initial coin offerings and cryptocurrencies, noting that neither are regulated in the country.
Image via United Nations/Flickr
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.