The European Commission Has A Study To Monitor The Ethereum Network Up To 250,000€

A tender to study how to monitor the Ethereum network through “embedded monitoring” was set up by the European Commission.

Patrick Hansen, EU head of policy and strategy at Circle has announced that the European Commission has launched a call for a public tender to study the possibility of decentralized financial supervision through “embedded supervision”. The pilot program will last a minimum of six months and is estimated to be worth €250,000 (about $242,500). Applications to participate remain open until December 1.

According to the Commission’s document, the research will focus on “collecting automated monitoring data directly from the blockchain to test the technological capabilities of real-time monitoring of DeFi activity.” Lawmakers on the Commission recognize that the open-source nature of DeFi and Ethereum is an vantage point for regulatory watchdogs to monitor the operation of the protocol.

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