Europe

Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country.

Germany

TokenPay announces 9.9% WEG Bank stake for Litecoin Foundation: TokenPay, the company that purchased a significant stake in the German WEG bank, has announced that it will be gifting all of its 9.9% stake to the Litecoin Foundation.

In return, the Litecoin Foundation agreed that it would help TokenPay in the provision of cheap technology and marketing expertise for TokenPay’s native blockchain initiatives and the TPAY cryptocurrency.

Charlie Lee, the founder of Litecoin said:

“This partnership is a huge win-win for both Litecoin and TokenPay. I’m looking forward to integrating Litecoin with the WEG Bank AG and all the various services it has to offer, to make it simple for anyone to buy and use Litecoin. I’m also excited about Litecoin’s support in TokenPay’s eFin decentralized exchange.”

France

Regulators taking next step towards easing of ICOs: French regulators are now finally in a place to move forward with cryptocurrency regulation, according to a report from the Autorité des Marchés Financier (AMF).

According to AMF’s report, ICOs are also on the agenda for further regulatory framework. Robert Ophele, the president of AMF said recently:

“…[we] continue to reflect on changes in the regulatory framework in the face of new offers, in particular, the Initial Coin Offerings (ICO), and to promote at European level the French regulator’s approach to innovation.”

The question of regulation of ICOs has long since hampered the development of the cryptocurrency scene in the country.

United Kingdom

Premier league team signs sponsorship deal with CoinDeal: Newly-promoted English Premier League side Wolverhampton Wanderers has signed a deal with cryptocurrency exchange platform CoinDeal.

The English club became the first official club in the big leagues of the world to sign a sponsorship with a cryptocurrency exchange. The new jerseys will sport the CoinDeal logo on their sleeves.

UK government testing platform for tokenization of assets: In a progressive move, the UK government has announced a new prospect of tokenizing assets of companies based on blockchain technology.

The tokenization of assets is based on an open-minded Financial Conduct Authority (FCA) regulatory sandbox that has entered its fourth round with over 29 firms competing. Two blockchain projects from the sandbox are also in talks with the London Stock Exchange for adoption of their applications.

Malta

Malta home to first “convertible” ICO and new blockchain degree: Malta is now home to the world’s first Initial Convertible Coin Offering (ICCO) that the company Palladium has launched in partnership with popular cryptocurrency exchange Bittrex.

An ICCO is a different concept from the mainstream ICO as it will allow the investors to convert their coins into shares of the company in the future. Palladium is offering a three-year wait before conversion right now.

Crypto-friendly Malta is also offering a blockchain degree as part of civil servant training starting from this year.

Bulgaria

Bulgaria’s Bitcoin stash almost as big as Nakamoto’s: The Bulgarian government reportedly seized BTC 213, 519 during a raid on organized crime. If the government has held on to the Bitcoins, then it is now officially the most valuable stash of cryptocurrencies in the world, worth over USD 1.4 billion right now.

Nakamoto mined BTC 1.1 million using his own computer as it was particularly easy back then since he was virtually the only one on the network. This is now worth around USD 6.9 million.

Switzerland

Stock exchange launches crypto platform: Swiss stock exchange SIX has announced that it is opening doors to cryptocurrencies in the country according to latest reports from The Financial Times.

The new platform will offer integrated post-transaction services, deal settlement and asset custody through the use of Distributed Ledger Technology. SIX’s chief said:

“For us, it is abundantly clear that much of what is going on in the digital space is here to stay and will define the future of our industry. The financial industry now needs to bridge the gap between traditional financial services and digital communities.”

Switzerland is one of the most crypto-friendly countries in the world and the government is even considering shifting to e-franc, a state cryptocurrency.

 

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