European Banking Authority Invites Tender for Blockchain Data Analytics Solution

The European Banking Authority has issued a request for proposals for blockchain analytics services and market data on crypto-assets. The EBA desires subscription-based access to real-time data on crypto-assets and crypto-assets markets.

The authority has divided the solicitation into two lots, with one providing blockchain analytics and forensics data worth around EUR240,000 and the other covering crypto-assets market data worth approximately EUR120,000.

The EBA explains that the data would enable it “fully perform its obligations” to monitor and appraise changes in digital finance-related areas, including as the banking and payments industries’ exposure to crypto-assets.

The action will also promote consumer protection by “identifying and correcting consumer harm” and prevent the misuse of the financial system for money laundering and terrorism funding.