German Regulator Orders ‘KaratGold Coin’ Issuer to Cease Operations
Two more governments have taken action against entities in the Karatbars ecosystem over sales of a purportedly gold-backed cryptocurrency. Source
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Association of Private German Banks Argues for Digital Euro
German banks have presented a position paper in which they make several arguments for the digital euro.On Oct. 30, in a paper released by the Association of German Banks (Bankenverband), which represents more than 200 private commercial banks and eleven member associations, banks stated that the “economy needs a
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German Minister Doubles Down on Statements Against Facebook’s Libra
German Federal Minister of Finance Olaf Scholz has doubled down on his previous statement that policymakers should prevent the issuance of Facebook’s Libra stablecoin.At the International Monetary Fund and World Bank fall meeting on Friday, Scholz stressed that stablecoins could pose international risks, Reuters reported on Oct. 18. Scholz
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Nearly 75% of German Consumers Would Reject Facebook’s Libra: Survey
Almost three-quarters of German consumers would not use Facebook's planned digital currency, Libra, according to a recent poll.Only 27 percent considers using LibraOn Oct. 17, CryptoX auf Deutsch reported that out of 2000 questioned Germans, aged 16 and over, only 27 percent would ever consider using Facebook’s Libra stablecoin
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State-Backed German Bank Says Bitcoin Will Leap to $90,000 in 2020
The German bank BayernLB has published a report on Bitcoin (BTC) vs gold in which it predicts a big leap for BTC in 2020.Bitcoin outshining gold?On Oct. 1 the Munich-based bank BayernLB published its latest research report that seems to suggest that the forthcoming Bitcoin halving effect hasn’t yet
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German Finance Minister: We Must Reject Stablecoins Such As Facebook Libra
European officials are beating their heads, trying to figure out the challenges and risks of letting cryptocurrencies be operational in the region. It is part of a wider debate that seeks to establish the pros and cons of digital transformation of European economies as major nations across the globe embrace
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Multinational German Bank Deutsche Joins JPMorgan’s Blockchain Payment Network
The multinational German investment bank, Deutsche Bank, is joining JPMorgan’s blockchain-powered cross-border payment messaging system, also known as Interbank Information Network (IIN).The aim of JPMorgan’s growing blockchain network is to counter the inefficiencies of the SWIFT payment system. SWIFT payments are cross-border transactions that are sent via SWIFT international payment
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German Finance Minister Says Gov’t Must Reject Facebook’s Libra Coin
German Finance Minister Olaf Scholz stated that policymakers cannot accept parallel currencies such as Facebook's proposed Libra stablecoin.Prevent stablecoins from becoming alternative currenciesAs reported by Reuters, on Sept. 17, German Vice Chancellor and Finance Minister Olaf Scholz said during a panel discussion in Berlin that Facebook’s planned crypto coin
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German Gov’t Speaks Against Approval of Facebook’s Libra in Europe
The government of Germany has spoken against the authorization of the development of Facebook’s forthcoming Libra stablecoin in the European Union.As German weekly news magazine Spiegel reported on Sept. 13, the Christian Democratic Union (CDU) parliamentarian Thomas Heilmann — who is responsible for the blockchain policy of the CDU
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Sustainable Bitcoin Mining Bolstered by German Company
Northern Bitcoin AG, a German company specializing in the manufacturing of sustainable infrastructure for cryptocurrency mining, has announced the competition of testing for their newest product: an air-cooled mining container. As per the press release, the container can fit up to 144 ASIC rigs and is hospitable in an outdoor
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