MEP Kaili: Banks Can’t Stop Us From Using Blockchain


0

A Greek member of the parliament (MEP) of the European Union, Eva Kaili, declared that central banks have too much control over people’s deposits, according to a post published on Ripple’s blog on Feb. 8.

According to the post, Kaili made the comments at the Ripple Regionals event in London last week. The MEP said that she realized that central banks had too much control over people’s funds after the debt crisis in Greece.

During her talk — which was dedicated to how the EU will regulate blockchain and cryptocurrency — Kaili also stated that she believes blockchain technology will permeate all sectors of life:

“[b]y its nature, blockchain technology doesn’t recognize borders, […] It’s unstoppable.”

She also warned the audience that “[y]ou will be disrupted if you don’t try to understand it. Instead you need to see the potential.”

Speaking about the benefits that blockchain-based systems could bring to cross-border payments — such as faster processing and lower fees than legacy systems — Kaili declared:

“If there are benefits for European citizens, there are no banks that can stop us from using [blockchain].”

Kaili has reportedly been a key figure in advocating for funding for blockchain development in Europe and clarity around regulations.

As Cointelegraph previously reported, in May 2018 the European Parliament Committee on Industry, Research and Energy passed a resolution authored by Kaili that outlined the benefits of adopting blockchain and distributed ledger technology.

In December 2017, Kaili argued at a European Parliament policy dialogue that cryptocurrencies will increase decentralization and make intermediaries less relevant.

Source : COINTELEGRAPH


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
COINTELEGRAPH

Comments

comments

Powered by Facebook Comments

Choose A Format
Story
Formatted Text with Embeds and Visuals
Video
Youtube, Vimeo or Vine Embeds
List
The Classic Internet Listicles
Open List
Submit your own item and vote up for the best submission
Countdown
The Classic Internet Countdowns
Poll
Voting to make decisions or determine opinions
Ranked List
Upvote or downvote to decide the best list item
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Meme
Upload your own images to make custom memes
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format