Germany takes aim at Facebook Libra; plans to block private stablecoins
The German grand coalition, the governing coalition of the two biggest political parties in Germany, is looking to deny the launch of projects like Libra, according to a report by Spiegel.
Germany’s Commerzbank exploring blockchain-based payments solution
Commerzbank, the second-largest bank in Germany, is exploring a blockchain-based payments solution that won’t require human intervention, according to an announcement Thursday.
Germany: Crypto Businesses will Require a BaFin License Next Year
Starting next year, new Anti-Money Laundering (AML) regulations will come into effect in Germany. The regulations will require cryptocurrency businesses to hold a Federal Financial Supervisory Authority (BaFin)-issued license, Cointelegraph Deutschland reported on July 24.
Germany’s Central Bank: Gov’ts Should Be Neutral on FB’s Libra
Potential benefits of Facebook’s Libra should be made possible despite the existing regulatory uncertainty and associated risks, Germany's central bank said.
Bundesbank Head Says Don’t Suppress ‘Innovative Concepts’ Like Libra
The head of Germany's central bank Jens Weidmann spoke in favor of Facebook’s Libra during a recent G7 event.
Germany's Scholz sounds alarm on cryptocurrencies such as Facebook's Libra
German Finance Minister Olaf Scholz said on Tuesday regulators must ensure that cryptocurrencies such as Facebook’s planned digital coin Libra do not threaten financial stability and consumer privacy.
First Blockchain Company Gets Listed on Deutsche Börse-Operated Xetra Exchange
German Blockchain-as-a-Service (Baas) provider Advanced Blockchain AG has become the first blockchain development firm to be listed on Germany’s Xetra digital stock exchange, operated by Deutsche Börse. The news was reported by financial news site DGap on July 1.
Germany: CDU and CSU Union to Integrate Blockchain Into Public Services
In Germany, the CDU and CSU Union wants to integrate blockchain technology into public services, Cointelegraph Deutschland reported on June 25.
Bundesbank sees dangers in digital central bank money
Central banks must exercise caution in introducing digital currencies that could potentially destabilize the financial system during times of crisis, Bundesbank President Jens Weidmann said on Wednesday.
Bitbond Plans to Raise $3.9 Million in Germany’s ‘First’ Regulated STO
Blockchain-based lending platform Bitbond is launching a security token offering (STO) that it says is the first to be approved by a regulator in Germany.
Germany Proposes Launching State-Run Electronic Register for Blockchain Sector
Germany’s justice and finance ministries have proposed to launch a state-run register to boost the use of blockchain, Reuters reports on Friday, March 8.
Germany consults industry about blockchain potential
Germany has opened a consultation process on how to tap into the potential of blockchain technology ahead of presenting a strategy by the summer, government sources said on Monday.
Germany's 2nd Largest Stock Exchange Boerse Stuttgart Launches Crypto Trading App
Germany’s second largest stock exchange, Boerse Stuttgart Group, has officially launched its crypto-trading app Bison, according to an official tweet today, Jan. 31.
Germany: Suspects Arrested for Stealing Electricity in Crypto Mining Operation
In the German city of Klingenthal, Saxony, police have arrested a group of suspects for stealing electricity to operate a cryptocurrency mining farm, Cointelegraph auf Deutsch reports Feb. 6.
Smart Contracts Don’t Necessarily Disrupt Traditional Contract Law, Expert Argues
Blockchain-based smart contracts indubitably fall subject to private international law, a legal expert has argued in a post published to Oxford University’s Business Law Blog today, Jan. 23.
‘Big Bitcoin Heist’ Ringleader Jailed for Massive Crypto Mining Rig Theft
Suspects in the “Big Bitcoin Heist” of 2018 have been sentenced to various prison terms based on their level of involvement in the much-publicised theft of more than three-quarters of a million dollars worth of crypto mining equipment.
German Startup Devises Eco-Friendly Energy-Efficient Miners
Azultec is a company that has been researching current mining solutions as part of its project to create an efficient alternative with high computing power and low energy consumption. Its Cube devices are silent mining rigs that can be installed in living rooms. The miners can also use renewable energy and are designed to reuse over two thirds of the generated heat.
German Railway Operator Examines Deploying Blockchain to Tokenize Its Ecosystem
German railway operator Deutsche Bahn AG (DB) has partnered with blockchain integration platform Unibright to examine the possibility of tokenizing its ecosystem. A press release revealed the partnership on Tuesday, Dec. 18.
German Firm Xolaris Launches Two Bitcoin Mining Investment Funds
German investment firm Xolaris has launched a European private-equity fund focused on bitcoin mining. Xolaris expects to raise $34 million to $57 million for the four-year project, the company announced in a press release.
German Financial Watchdog Warns Public About Unauthorized Crypto Offering
The German Federal Financial Supervisory Authority (BaFin) issued a warning Nov. 29 that a firm called Platin Genesis DCC is not authorized or approved by the proper authorities.