Europe: Crypto and Blockchain News Roundup, 7th to 13th September 2018

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.

European Union

EU Commission believes crypto has a future: The Vice President of the European Commission has said that cryptocurrencies will definitely have a place in the future at the second Economic and Financial Affairs Council (ECOFIN) press conference.

Vladis Dombrovokis said in his speech:

“We also had a good exchange of views on crypto-assets. We see that crypto-assets are here to stay. Despite the recent turbulence, this market continues to grow… In particular, initial coin offerings, or ICOs, we see they have the potential to emerge as a viable form of alternative financing. Already last year, ICOs helped raise over USD 6 billion in funding and this year this figure will be substantially bigger.”

He also pointed out the main issues posed by digital currencies including legislation and regulation.

Ireland

Women blockchain forum launched to advance awareness: Blockchain Women Ireland (BWI) was launched in the Republic of Ireland to raise further awareness of the blockchain sector and get more and more women involved in it.

The forum will also promote blockchain and cryptocurrencies as a potential career for Irish women and keep them apprised of the useful educational opportunities in the country.

UK

Financial regulator calls for balanced crypto approach: UK’s Financial Conduct Authority’s (FCA) top executive has called for a “balanced approach” towards cryptocurrencies in a speech last Tuesday.

He made these comments in the FCA’s Annual Public Meeting and said that it was “keen to see the potential of the underlying technology”. He also said that FCA is not ruling out cryptoassets for itself.

France

Football club to launch own crypto: French football champions Paris Saint-Germain has announced that the club will undergo an Initial Coin Offering (ICO) to incentivize supporters over a blockchain.

The club has announced a partnership with top blockchain company Socios.com for this purpose. The partnership is similar to the one already existing within in the fanbase of famed clubs like Real Madrid and Barcelona. It will give way to a crowd management concept for the football club.

Iceland

Financial watchdog announces registration of first crypto exchange: Iceland’s top financial regulator Financial Supervisory Authority (FME) has announced the registration of the first cryptocurrency exchange in the country.

The move comes after years of attempts by cryptocurrency exchanges to get in the tiny Scandinavian country. The exchange allowed is called Skiptimynt and will allow two trading pairs for now including Krona/BTC and Krona/Aurora.

The country is already a cryptocurrency mining haven because of its cold climate but cryptocurrency trading and exchanges have had difficulties getting into the market before.

Russia

Central bank announces successful ICO experiment: The deputy director of the Bank of Russia (BoR) has said that the trial experiment of an ICO was a technical success, paving way for further research and new projects.

According to local news outlet TASS, Ivan Semagin, the deputy director in question broke this news in an Easter Economic Forum in Vladivostok, Russia. While everything was technically all right, he did mention that the experiment showed several legal issues with the ICO that the government needs to look into.

BoR is rapidly experimenting with blockchain and cryptocurrencies and has developed a regulatory platform in April this year already for local businesses. Russia is also experimenting with a blockchain-based voting system.

 

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