Europe Keeps Untying Regulatory Blockchain Knots as EU Becoming a Prime Destination for Crypto Companies

2018-12-14 20:35

Whilst the likes of Japan and the US are continuously in the news, making steady and significant progress in the crypto market, most of Europe has been surprisingly serene and low key.

There is the odd Malta or Ukraine, however as a whole, most of Europe, while interested in the blockchain has made little effort to seriously woo crypto enthusiasts, until now.

Europe is a large potential market, with many surveys showing the high crypto awareness amongst the populace. However, this has not translated into active participation. This is primarily due to the lack of clarity and the myriad regulatory hurdles that have to be navigated through both at the national as well as the European block level.

Now, loosening banking restrictions coupled with innovative risks by startups is looking to change all this. Even in the bear market, many in Europe see the clear potential and governments are trying to make business interactions as seamless as possible.

Rise Of Fintech In Germany

Germany has been a powerhouse of European innovation and industry. The second largest stock exchange in Germany, the Stuttgart Exchange Group is now set to team up with the banking institute, SolarisBank, to create the necessary infrastructure for a zero-fee crypto exchange.

The platform is expected to be live in early 2019. This comes close at the heels of Bitwala, a cryptocurrency payments startup claiming to be the first crypto banking solution in Europe, was recently allowed to operate in Germany. Interestingly it too has partnered with SolarisBank.

It appears this accelerated access has been made possible by the local fintech start-up, which has a banking license and is fully regulated by the German financial regulatory authority Federal Financial Supervisory Authority (BaFin) and the European Central Bank (ECB).

ETP Offerings In Switzerland

In the heart of Europe, Switzerland has made giant strides recently. It has offered the worlds first crypto-based exchange-traded product (ETP). This pioneering move involves the listing of a crypto-based ETP by the nations premier exchange, the SIX exchange.

In doing so Switzerland has ended the long wait and beaten everyone to the punch. While the American SEC is still working out the details, the Swiss Exchange has already started volume trade on the crypto pair.

Trading Innovation In Sweden

Keeping up the renaissance of innovative ideas, the nordic county of Sweden has also been working to allow foreign investment in cryptocurrencies. The Stockholm stock exchange has, for the past few months been allowing Bitcoin exchange-traded note (ETN).

Since August this year, their Nasdaq Stockholm has launched a new overseas-listed instrument. This allows the U.S. investors to securely conduct their trading and investing in bitcoin. With a U.S. dollar-denominated version, it is now capable of offering international interactions to the American investors.

The quaint world old world has always been a hotbed of ideas and innovation. However, market uncertainty has certainly stratified the growth potential that might have otherwise prevailed. In having said that, as the European governments better understand the crypto verse, improved regulations will follow and, undoubtedly, lead to more participation from the continent as a whole.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 0.227 (-100%)

europe most blockchain crypto key serene surprisingly

europe most → Результатов: 43


EU Parliament just voted on controversial Copyright Reform — the outlook is grim

The EU Parliament just passed versions of the most contested articles of the new Copyright Reform proposal: Article 11 on ‘link tax’ and Article 13 which will enable censorship machines. Axel Voss (CDU, EPP), the rapporteur of the controversial proposal and its biggest supporter, clapped his hands and celebrated once the final votes were in on the new Copyright Reform today at the European Parliament.

2018-9-12 15:06


Фото:

Coinsquare To Enter European Markets By 2019, Bringing BTC, ETH And XRP With It

The biggest cryptocurrency exchange in Canada, Coinsquare, have announced in a press release that they now plan on entering European markets by Q4 2018, meaning that come 2019, Coinsquare should be readily available across a number of European countries, opening up for the trade of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, XRP, Dogecoin and Dash.

2018-8-24 15:00


Singapore Crypto Exchange AlphaBit to Open Malta Office on Blockchain Island

Singapore-based AlphaBit Cryptocurrency Exchange has announced that it will be opening up a new office in Malta, a move aimed at cementing its presence in Europe. Malta remains one of the most favorable destinations for blockchain and cryptocurrency companies owing to the many firms setting up their bases in the country. The move by AlphaBit […]

2018-8-10 23:23


Cryptocurrency and Africa. The Journey So Far

Cryptocurrencies are making so much waves in Europe, Asia and Central American that there is little attention being brought to other places with potentials of creating huge markets for them. The second largest and second most populous continent, Africa, is embracing the technology as an approach to the many problems countries in that continent are […] The post Cryptocurrency and Africa. The Journey So Far appeared first on ZyCrypto.

2018-8-2 21:50


Фото:

Blockchain Hasn’t Reached Aviation Yet, Lufthansa Want To Change That

Lufthansa, the biggest airline in Germany and Europe, and, one of the biggest airlines in the world want to tap into the world of blockchain. Rightly so too. The automotive industry, the shipping industry and most other logistic industries are tapping into blockchain technology yet as it stands, no major airlines seem to be developing plans to explore the blockchain, on a public level at least.

2018-7-23 16:00