Tuesday, May 17, 2022

Crypto news from Europe: Week in review

The Takeaway:

Week in review: 21 Sep - 28 Sep 2019: The countries in Europe follow a decentralized approach to cryptocurrency regulation. Several regulators oversee the crypto assets in Europe. Miss nothing and stay acquainted with the weekly European crypto trends.

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Europe and cryptocurrencies live together in a circle. Where Europe performs strict limitations and regulations on digital coins, cryptocurrencies also regulate the economic growth of Europe.


Crypto News from the UK

Coincover introduce the crypto-insurance

Coincover, the Cardiff-based cryptocurrency insurance startup launched an insurance policy to cover theft and loss. The firm has evolved to be the first and only service to ensure its users, the safety of their digital currencies. Coincover will monitor the wallets 24/7, recover funds if private keys are lost, secure key storage, cash replacement value for customers in case of theft, and timely diligence checks to warn against the suspicious sources. Furthermore, the startup protects over 100 different virtual coins, making online crypto investments a reliable choice. 


Coinshares voice out against ETN ban

The Financial Conduct Authority’s (FCA) consideration to ban all cryptocurrency-linked derivatives for retail shares has ascended to acquire enormous criticism. Coinshares, a UK based regulated public exchange has spearheaded a campaign against the authority, citing the lack of evidence to justify the proposal. The platform calls out, urging its users to join them in action raised against the FCA by signing petitions, sending e-mails and texts directly to the regulators. 


MediConnect builds POC to track medications

MediConnect, the blockchain solution to revolutionize the use of medicines in the UK has established the methodology of Proof-of-Concept (POC) to track and manage medications through the supply chain. Prior to this, the Ugandan government collaborated with the firm to hunt sham drugs in the nation. 


Crypto News from Switzerland

Smartmo adopts blockchain for parking solutions

Smartmo, a startup manufacturing and serving innovative solutions for bike parking and helmet storage, launched a blockchain and IoT-powered bicycle parking solution. Commuters can now reserve a parking space and lock their bikes using the Smartmo smart lock parking station, with the payment and lock automatically secured on the blockchain. Crypto is unified into the system that will help the users to pay the fees in digital tokens. 


Swiss University fight against fake diplomas via blockchain

The University of St. Gallen is on the way of adopting blockchain to battle the fraud of fake diplomas. The university has announced a blockchain-based pilot project to check the authenticity of its degrees and certificates. It has reportedly partnered with BlockFactory, a Swiss blockchain startup and will practice its certification solution to originate immutable diplomas enrolled on the Ethereum network. 


Crypto News from Russia

Researcher fined for illegal BTC mining

A nuclear research center employee in Sarov was fined 450,000 rubles ($7,000) for initiating to mine bitcoin illegally with the assistance of a petaflop-capable supercomputer available at the workplace, the All-Russian Institute in Sarov. Earlier, an Armenian IT company was charged for illicit accessing of electricity and applying it to mine cryptocurrencies


Crypto News from France

France to commence crypto payments at above 25,000 sale points

France is ready to experience an evolution with the integration of cryptocurrencies in the payment acceptance mode. Bitcoin payments will be launched at over 25,000 sales points for 30 French retailers, including the sportswear giant Decathlon and cosmetic chief Sephora, by early 2020. The new system will be inaugurated through a partnership between point-of-sale technology provider Global POS, the EasyWallet application, and Easy2Play, a payment platform. Although Bitcoin will be the form of amount, the funds will automatically convert into Euros at the time of sale. 

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Thomas Gonzales
Thomas Gonzales
Thomas is a Stanford University graduate who loves to talk about the financial world. Though he has a demonstrated history of working in the real estate industry but ever since he came into the crypto space, he has developed a keen interest in researching and writing about bitcoin and blockchain.

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