Posts Tagged ‘EU’

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 […]

Study: SMEs Believe Cryptocurrency Payments Will Hit the High Street in Two Years

A new study, conducted by Paymentsense, a card payment provider in the U.K. and Ireland, revealed that 35 percent of 504 small and medium-sized enterprises (SMEs) remain confident of the future of digital currency payments. Notably, small business owners have a more optimistic outlook with a fifth, or 21 percent, of the opinion that cryptocurrency […]

Blockchain Banking Firm Bankera Probed By Lithuania’s Central Bank Over 100M Euro ICO

The Bank of Lithuania, the country’s central bank, is probing a local ICO after determining that the token offered counts as a security. The central bank said it had made contact with Bankera, a blockchain banking firm, regarding its ICO. The Bank of Lithuania said the ICO, based on the information provided by Bankera’s business plan, is […]