Posts Tagged ‘EU’

Blockchain International Show Will Present Latest Developments in London

On June 6-7, Smile-Expo will hold Blockchain International Show London, the major event in Europe, devoted to Blockchain technologies, their implementation in various industries, and the use of cryptocurrency. The event will last for 2 days and will be divided into 2 parallel sections. The first one will cover financial and regulatory questions, while the second will […]

Revolut is Europe’s newest unicorn after raising $250m

Challenger bank Revolut, which opened a Dublin office last year, has gained unicorn status after raising $250m in funding. The latest investment increases Revolut’s valuation by 500pc in a year to $1.7bn. The Series C round was led by Hong Kong-based DST Global as well as Silicon Valley investors Index Ventures and Ribbit Capital. Revolut is an […]

Romania’s Restart Energy raises $30 mln in ICO

Romanian energy provider Restart Energy said it has has raised $30 million (24.4 million euro) in an ICO, which it plans to use to develop a peer-to-peer, fully decentralized energy transfer platform Restart Energy Democracy (RED) allowing users to send and receive energy worldwide. Restart energy is part of Armand Group, controlled by Romanian businessman  Armand Domuta […]

Japanese IT Giant Fujitsu Launches Blockchain Center in Europe

Fujitsu, a Japanese company with more than 156,000 employees worldwide, has announced the opening of its first Blockchain Innovation Center, located in Brussels, Belgium, with the aim of supporting research, development and innovation in this new industry. According to Fujitsu, one of the main areas that the company intends to invest in its development are the services […]

Polish bank begins using a blockchain-based document management system

A blockchain company called Coinfirm has announced a partnership with PKO BP, a major Polish bank, to provide blockchain-based document verification using a tool called Trudatum. The project is a an actual implementation of one of the primary benefits of blockchain-based tools, namely its ability to permanently and immutably store data. The Trudatum tool essentially allows PKO BP to […]

France Wants To Create ICO Framework To Lure Startups Its Way

France is working on a regulatory framework that would enable startups to raise funding via cryptocurrencies. The French government is aiming to introduce legislation that lets companies launch ICOs and get a formal stamp of approval. That is aimed at protecting investors from ICOs that ultimately have no value. The idea is to make France […]

ICO Regulatory Framework To Be Introduced In France

The Autorité des marchés financiers (AMF), the French financial supervisory authority is reportedly preparing a new regulatory framework with regard to ICO. According to local news outlet Les Echos, the French Ministry for the Economy and Finance confirmed that the regulatory framework proposed by the AMF would recognize ICOs as a legitimate means of investment. The ministry, […]

EU executive to propose raft of measures to boost fintech: document

The European Union’s executive will propose a draft law on crowdfunding and forge common blockchain technology standards to help a European financial technology sector flourish. The EU plans include a proposal for a bloc-wide licensing system for crowdfunding platforms which allows investors to fund start ups. The EU executive will review existing financial rules to […]

Austrian Businessman Launches MCV-CAP ICO, and Plans the World’s Biggest Cryptocurrency Bank

Egon Putzi, the founder of microprocessor company SEZ and former president of Austrian football clubs BSV Bad Bleiberg and SV Austria Salzburg, has announced plans to launch a new cryptocurrency and set up what he says will be “the largest crypto bank in the world.” Putzi’s latest project is MCV-CAP, an ICO which aims to combine traditional banking functions […]

German Regulator Clarifies Obligations For ICO Operators Following Increased Interest

Germany’s Federal Financial Supervisory Authority (BaFin) has clarified obligations for ICO tokens after receiving “increased queries” about their legal status. The note from BaFin is a follow-up on its warning to investors from November 2017, in which it discussed the potential “risks” of ICOs. Under Germany’s jurisdiction, ICO operators “are required to check exactly whether […]