Ripple, NEM, Fetch and Cardano created a blockchain association

The Blockchain for Europe Association will begin collaborating with regulators to promote new technologies and raise awareness among European residents.

Cryptocurrency companies understand that the adoption of regulation is now inevitable and can create favorable conditions for their activities. To help regulators develop laws and companies benefit from them, four of the largest crypto companies have formed a group in Europe to promote the development and adoption of blockchain technology.

Today, Ripple, NEM, Fetch AI and Cardano announced the formation of Blockchain for Europe, which will be “the first credible attempt to create a unified voice for the blockchain industry in Europe.”

Blockchain for Europe will work with companies in the EU and ensure that so that new regulation does not interfere with their activities and does not hinder innovation. The group also plans to raise awareness among EU citizens about the nature and potential of blockchain technology. Given the large amount of misinformation circulating on the Internet, educational materials will help people better understand this issue. The group has already held its first summit. According to their statement, the event attracted four of the EU's largest parliamentary groups.

“This is an extraordinary opportunity to influence European policy on technology that can improve the way business is done and many other areas,” said Toby Simpson, CTO and co-founder of Fetch.AI.