The European Parliament has called for measures that would prepare the region to use blockchain to benefit trade.
One European lawmaker wants to standardize ICO regulations, thereby making it easier for projects to raise funding across the EU.
Members of the European Parliament convened with experts on Tuesday to discuss a proposal for standardizing ICO rules around the EU.
A draft proposal by the EP's Committee on Economic and Monetary Affairs suggests creating new regulations for public initial coin offerings (ICOs).
Lawmakers at CoinDesk's Consensus 2018 conference today argued that regulatory "sandboxes" may offer the best approach for blockchain innovation.
The European Parliament has voted for regulations to prevent the use of cryptocurrencies in money laundering and terrorism financing.
A blockchain advocacy group launched at last year's World Economic Forum is ramping up efforts to promote dialogue in Europe.
MEPs are worried about the monitoring of cryptocurrencies at EU borders, according to a draft report.
As many as four blockchain-related amendments, funding various initiatives, could find their way into the European Union's 2018 budget.
A blockchain task force within the European Parliament wants to explore how the technology could be used to provide digital identities to refugees.