Cryptocurrencies Continue To Be A Hot Topic In GermanyScroll Down
In the past week, the German-speaking world has been full of blockchain news. The German Federal Ministry of Justice and Consumer Protection announced that it is sponsoring a research project about legal issues surrounding blockchain. It will be at the University of Marburg. The Swiss online bank Swissquote started to offer customers the ability to trade real estate portfolio security tokens. An austrian project offered proof that blockchain marketplaces are profitable.
The German Ministry of Justice donated 900,000 Euros, or $991,916 for research on blockchain. It is for a project called Blockchain and Law at the Philipps University in Marburg, under its Institute for the Law of Digitization. It aims to get rid of legal uncertainties in technology. The project also aims to help Germany be more competitive with the USA and Asian markets related to blockchain. The project's leaders said that they will look at issues such as assets and sustainability for land and commercial registers and how blockchain affects current laws.
Consumers in Europe do not yet see cryptocurrencies as an alternate to their traditional money. This is according to an ING Bank survey. Fewer than one-third of Europeans see the coins as a future for online payment. The percentage is lower in Germany. Few people think their banks will offer such accounts.
Crypto-mining operator Whinstone merged with Xetra. This was a plan for some time. Xetra claims to be a world leader in Bitcoin mining. Its CEO added that the merger advances their plans faster than what either could have done on its own.
Deutsche Boerse and Swisscom settled transactions with blockchain setups. They conducted a combined proof of concept with several banks. The participants traded money for tokenized shares.
wiss online bank Swissquote enabled customers to do trading in real estate tokens called Crowdlitoken. It's a startup from Liechtenstein. Investors can allocate their coins to particular properties.
The German state of Bavaria plans to test training certificates through blockchain. Employers will use a digital key to verify its authenticity.
Research Studios Austria Forschungsgesellschaft gave proof of profitability for blockchain in a decentralized marketplaces. It showed profitability.