o3n [ozone] blockchain layer

Blockchain source

Menu
  • Cybersecurity services
Menu

Crypto News From the German-Speaking World: Week in Review

Posted on August 25, 2019 by nbelov

From CT auf Deutsch: a highly active BaFin and a bankruptcy filing from an Austrian crypto ATM start-up lead the week’s news from the German-speaking world.

The German-speaking world was highly active as far as crypto was concerned this past week. Among other stories, the German Federal Financial Supervisory Authority (BaFin) issued several items of interest to the crypto community, a new fund for blockchain startups launched in Hamburg and an Austrian crypto ATM service filed for bankruptcy following an armed robbery.

BaFin publishes summary of current regulation

On Aug. 16, the BaFin published a leaflet for issuers of crypto tokens that summarized current German legal standards in the field. By condensing active regulations in such a fashion, the BaFin reportedly hopes to encourage compliance among a new wave of ICOs. In and of itself, this represents a significant courtesy to the industry, but as Cointelegraph auf Deutsch noted, this also streamlines the process on BaFin’s end, reducing the man-hours they must expend communicating with token issuers over opaque policies. 

The BaFin’s effort at clarity contrasts sharply with United States regulatory policy, which experts have noted remains tricky territory for crypto firms to navigate.

BaFin licenses new STO platform

As part of broader international expansion, Luxembourg-based Black Manta Capital Partners has received BaFin authorization to provide security token offerings (STOs) on their blockchain-based platform. 

STOs in Germany answer to the MiFID II Directive on Financial Instruments. Having received their MiFID II license, Black Manta hopes to begin STO services at their Berlin-based subsidiary at the end of Q4 of this year.

Black Manta’s next steps will reportedly be in the Asian market. Specifically, Co-founder and managing partner Christian Platzer cited Singapore as the firm’s next target for local licensing, saying: 

“While Black Manta Capital Partners want to be ‘boutique’ in its beginnings and run ‘handpicked’ STOs only, our strategy is global from day one: the first step is to link Europe and Asia on one blockchain-based investment platform. Therefore we are already looking today into Singapore.”

Austria’s largest mobile provider tests crypto payments

A1 Telekom, Austria’s largest mobile service provider, has begun a pilot program for crypto payment terminals in several of the company’s brick-and-motor outlets. Local startup Salamantex and project partners Ingenico and Concardis are providing the terminals and underlying network.

Customers will reportedly only need to have access to a crypto wallet to be able to make purchases at the test stores using select digital currencies. Regarding the extended testing and roll-out period, Markus Schreiber, head of A1 Business Marketing, said:

“Before the A1 Payment portfolio will be expanded by digital currencies and officially available to business customers, a multi-stage trial will now be carried out, starting with selected A1 shops.” 

A new fund launches in Hamburg to finance blockchain startups

Venture capital Blockrock Ventures has spearheaded a new fund for budding blockchain projects. The fund has reportedly secured 5 million euros and has a goal of 30 million euros. 

The new fund is advertised as focusing more on fostering development and providing accelerator services to startups in their early stages than traditional venture capital firms.

Blockrock Ventures is also reportedly looking for a BaFin license that will allow them to manage funds of over 100 million euros. 

Robbery drives crypto-ATM startup Bitiago into bankruptcy

In some of the more salacious news of the week, a late-July armed robbery of Austrian company Bitiago Crypto Consulting left the firm in dire straits. Two men with rubber truncheons and a gun showed up at the Bitiago’s offices and forced one of the founders to hand over cash, as well as transfer cryptocurrencies to a designated address.

Bitiago had aimed to expand crypto ATM access in Austria, but instead filed for bankruptcy three weeks after the robbery. Company co-founder Andreas Eckhart was reported as saying “You can not continue the business because of the robbery.” Bitiago’s website is already down.

Source: Cointelegraph https://cointelegraph.com/

Recent Posts

  • 'Code is not law': Seth Green thief stole Bored Apes, not the rights say experts May 25, 2022
  • Cornucopias: A Revolutionary Cardano Blockchain Project That Is Redefining the Gaming Metaverse Industry – Press release Bitcoin News – Bitcoin News May 25, 2022
  • FinTech Blockchain Market to have a Stout Growth in the Near Future – Ripple, Guardtime, Cambridge Blockchain, AWS, Applied Blockchain, etc – The Daily Vale – The Daily Vale May 25, 2022
  • WeWork founder reinvents himself with $70M crypto carbon credit platform May 25, 2022
  • Blockchain in Pharma Supply Chain Market | Company Challenges And Essential Success Factors |IBM, AWS, Microsoft, SAP, Chronicled, etc – The Daily Vale – The Daily Vale May 25, 2022
  • Blockchain Distributed Ledger Technology Market to have a Stout Growth in the Near Future – Digital Asset Holdings, Capgemini, Accenture, Block chain Tech Ltd, Ethereum, etc – The Daily Vale – The Daily Vale May 25, 2022
  • Blockchain in Digital Rights Management DRM Market Size And Forecast | Sony, Binded.Inc, Custos Media Technologies, Scenarex, Publica, Mediachain, Pixsy, Gilgamesh, RecordsKeeper – The Daily Vale – The Daily Vale May 25, 2022
  • Blockchain for Land Registry And Asset Tracking Market Size And Forecast | Accenture, Factom, BlockVerify, Applied Blockchain, Digital Asset, Bitfury, Guardtime, Deloitte, ChromaWay, Gemalto – The Daily Vale – The Daily Vale May 25, 2022
  • What Are Web 3.0 Enabled Blockchain Esops And How Are They Different From Regular Esops? – Outlook India May 25, 2022
  • Blockchain in Education Market Size And Forecast | Blockcerts, DISCIPLINA, Gilgamesh, IBM, Learning Machine, LiveEdu, odem.io, Open Source University, Oracle, RecordsKeeper – The Daily Vale – The Daily Vale May 25, 2022
  • Blockchain Distributed Ledger Technology (DLT) Market Size And Forecast | Chain Inc., IBM, Accenture, Monax Industries, Intel, Deloitte, Earthport, Microsoft Azure, Digital Asset Holdings – The Daily Vale – The Daily Vale May 25, 2022
  • Blockchain-as-a-Service Market 2022 Competitive Expectations with Industry Players – Infosys, SAP, Cognizant, IBM corporation, Amazon, etc – The Daily Vale – The Daily Vale May 25, 2022
  • Blockchain in Logistics Market 2022 Competitive Expectations with Industry Players – SAP, Oracle, Microsoft, Amazon, Maersk, etc – The Daily Vale – The Daily Vale May 25, 2022
  • Uniswap breaks $1T in volume — but has only been used by 3.9M addresses May 25, 2022
  • Could GameFi and carbon currencies reverse blockchain's climate stigma? May 25, 2022
  • CryptoSat’s first nanosatellite blasts off Wednesday on SpaceX rocket May 25, 2022
  • New Luna 2.0 blockchain will not be a fork of Luna Classic – CryptoSlate May 25, 2022
  • Sam Bankman-Fried could spend up to $1B in 2024 to thwart Trump comeback May 25, 2022
  • Crypto, blockchain and NFT firms are bailing out Hong Kong office property segment – South China Morning Post May 25, 2022
  • BSV Global Blockchain Convention Opens With Impactful Speech – Benzinga – Benzinga May 25, 2022
  • ShareRing, A Digital Identity Blockchain Ecosystem, Announces SHR Token Swaps From BNB Smart Chain To – Crowdfund Insider May 24, 2022
  • Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates May 24, 2022
  • All Eyes on Digital Assets EO for Crypto, Blockchain Policy Turns – MeriTalk May 24, 2022
  • Blockchain and Metaverse Legal Issues for the Government and Government Contractors – JD Supra May 24, 2022
  • ECB: One in ten households in eurozone population centers now own cryptocurrency May 24, 2022
  • Weak stocks and declining DeFi use continue to weigh on Ethereum price May 24, 2022
  • WEF 2022: Web3 no longer just about crypto and DeFi, says Polkadot founder Gavin Wood May 24, 2022
  • Sortium Blockchain Studio Retains Rubenstein Public Relations as Agency of Record – 69News WFMZ-TV May 24, 2022
  • Billionaire Ray Dalio Speaks in Davos — Says 'Blockchain Is Great, but Let's Call It Digital Gold' – Bitcoin News – Bitcoin News May 24, 2022
  • Mercado Bitcoin partners with Stellar to create MVP for Brazilian CBDC May 24, 2022

Ad

Ad

©2022 o3n [ozone] blockchain layer | WordPress Theme by Superbthemes.com