European Parliament member Alfred Sant: At present, should not rush to develop a European legal framework for blockchain technology

According to Independent, former Prime Minister of Malta and European Parliament member Alfred Sant told the European Parliament that Malta is leading the way in blockchain technology through a regulatory framework established at the national level. Alfred Sant stated that he agreed with Minister Le Maire of France on the positive impact of blockchain technology in a wide range of areas, especially on consumers and citizens. He added that the European legal framework should take into account all existing national systems. We must take into account the fact that blockchain technology still needs time to develop further and that there is no need to rush to establish a European framework because it jeopardizes the development and innovation process.