**European Blockchain Sandbox Initiative Welcomes New Cohort**

The European Commission has announced the second cohort of its European Blockchain Sandbox Initiative (EBSI), bringing together 41 regulators from 22 EU and EEA countries. This initiative aims to foster dialogue between blockchain projects and regulators, helping to identify and overcome legal and regulatory hurdles.

Key Points:

- Countries involved include France, Spain, Germany, and more.

- EBSI supports 20 blockchain projects annually, offering legal and regulatory guidance.

- Selected projects include Iota, focusing on identity solutions and decentralized finance (DeFi).

The initiative aims to boost regulatory certainty and innovation in blockchain technology across Europe.