Techub News reported that according to Cointelegraph, the European Commission revealed that 41 institutions and regulators from 22 EU and EEA countries have joined its European Blockchain Sandbox Initiative (EBSI), including France, Spain, the Netherlands, Italy, Greece, Slovenia, Germany, Cyprus, Portugal, Bulgaria, Belgium, Denmark, Norway, Latvia, Malta, Poland, Hungary, Slovakia, Iceland, Liechtenstein, Lithuania and the Czech Republic.

EBSI aims to support use cases involving distributed ledger technology (DLT) and increase regulatory certainty for decentralized technology solutions such as blockchain.