INATBA Provides Feedback on the Implementation of Interoperability Regulatory Sandboxes - INATBA
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14 Mar INATBA Provides Feedback on the Implementation of Interoperability Regulatory Sandboxes

Posted at 17:39h in News by

The International Association for Trusted Blockchain Applications (INATBA) has submitted its feedback on the European Commission’s Implementing Regulation for Interoperability Regulatory Sandboxes under Regulation (EU) 2024/903. While INATBA welcomes the initiative, we have identified key areas that require further refinement to ensure these sandboxes effectively foster innovation and collaboration.

  • Need for Greater Private Sector Involvement
    The current proposal limits the establishment and governance of interoperability regulatory sandboxes to public sector bodies and Union entities, restricting private sector participation. INATBA believes that SMEs, startups, and industry stakeholders should play an active role in initiating and co-developing these sandboxes.
  • Access Requirements and the Risk of Hindering Innovation
    The proposal imposes strict eligibility criteria, requiring participants to be fully compliant with existing regulations before entering the sandbox. This contradicts the very purpose of a regulatory sandbox—allowing innovative solutions to be tested in a controlled environment.

INATBA strongly supports the creation of interoperability regulatory sandboxes but urges the European Commission to refine the framework to foster greater private sector participation and reduce access barriers. A more inclusive, flexible, and innovation-driven approach will ensure that these sandboxes effectively support regulatory learning, digital transformation, and the next generation of European digital infrastructure.

Signatories Supporting INATBA’s Feedback: AMLBot (Niko Demchuk), HashPrix (Amit Joshi), Daniel Szego (Independent Blockchain Consultant), Inlecom (Harris Niavis), Institute for Science, Entrepreneurship and Investments (Prof. Dr. Ingrid Vasiliu-Feltes), KronWorld (Limara Haque), Kunfud (Ismael Arribas), Quant Network (Gilbert Verdian), The Blue Future (Álvaro Vizcaíno), Crystal Blockchain (Irina Gorbach), University of Camerino (Sharmin Nisar Chougule)

Read the full document here: INATBA Response_Interoperability Regulatory Sandboxes

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About INATBA

Launched in 2019 by the European Commission, INATBA – International Association for Trusted Blockchain Applications is a highly influential Association in promoting Blockchain and DLT adoption in Europe and globally. INATBA is mainly known for its credibility with regulatory authorities and policymakers and is appraised for its contributions to Markets in Crypto Asset Regulation (MICA), Transfer of Funds Regulation (TFOR), electronic Identification, Authentication and Trust Services (eIDAS), CHAISE Project, EU Pact for Skills, Academic & Governmental Advisory Bodies, and its passionate diverse global community of CEOs, CTOs, Heads of Policy, Public/Institutional Relations, Legal, Marketing & BizDev, Developers, Policymakers. To learn more, visit www.inatba.org.

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