Cryptocurrencies and blockchain are still the focus of European regulators\u2019 attention. Valdis Dombrovskis, Vice-President of the European Commission, admits that the cryptocurrency market has become global and blockchain technology has a huge potential.<\/p>\n
\u201cCrypto asset markets are global, with worldwide transactions between investors, consumers, and intermediaries. And blockchain technology holds strong promise for financial markets. To remain competitive, Europe must embrace this innovation,\u201d<\/em> Valdis Dombrovskis says.<\/p>\n The popularity of digital assets are proved by the reports. Coindesk, one of the largest news portals dedicated to the cryptocurrency industry, conducted the global research of funds raised using venture financing and ICOs in the past six years. It appeared that ICO projects all together collected more than $5.5 billion (the majority of them were launched in 2017), while venture investment projects attracted a bit more than $2 billion.<\/p>\n Despite the popularity of digital assets, Europe still has no approach to their regulation. Mario Draghi, President of the European Central Bank, said in February that the regulation of cryptocurrencies was beyond the ECB activity.<\/p>\n Therefore, the German authorities have signed the act in March, equating digital assets to payment methods in the tax context. Now, purchases for cryptocurrencies won\u2019t be imposed to capital outflow tax; only VAT will affect them.<\/p>\n Will European countries follow the example of Germany or find another way to regulate digital assets? This issue will be revealed by Blockchain International Show speakers:<\/p>\n They will also discuss development trends in blockchain technologies and share their experience of launching high-tech businesses.<\/p>\n![](\"https:\/\/www.crypto-news.net\/wp-content\/uploads\/2018\/04\/blockchainfunding.jpg\")
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