Crypto Events Dominate the German Scene

This past week, the German-speaking realm was alive with buzz surrounding crypto and blockchain. With the German Federal Government unveiling its blockchain strategy, local companies weren’t holding back either, launching fresh initiatives to elevate the industry. Buckle in for a recap of the pivotal happenings!

Neufund’s Groundbreaking Public Offering

On September 16, the German crypto investment startup Neufund threw a party, launching its blockchain-powered public offering platform after getting the green light from the Financial Monetary Authority in Liechtenstein. The first offering on this shiny new platform was courtesy of Greyp, a high-tech mobility firm boasting support from the likes of Porsche and T-Mobile!

• Global Reach: Offers will be open not just locally, but to many countries, including the UK.

Bitkom’s Blockchain Guide: A Roadmap for Success

In another exciting development, Bitkom released its blockchain guide on September 17, aptly titled “Evaluation and Implementation of Blockchain Use Cases.” This guide is like that trusty map you pull out when you feel lost. It details pathways for companies to implement blockchain projects while candidly pointing out the associated risks. No one likes a nasty surprise, right?

• Benefits Assessed: The guide also dives into the benefits of blockchain, ensuring newcomers to the space can find their footing.

IOTA Gets a Payment Boost

Berlin’s IOTA Foundation joined the party with more exciting news! On September 17, they announced that MIOTA tokens are now available for payments through the British financial services app Zeux. Talk about making shopping a whole lot cooler! MIOTA holders can now spend their tokens at any store that takes Apple Pay or Samsung Pay, bridging the gap between digital currency and everyday transactions.

German Government’s Blockchain Strategy Unveiled

On September 18, the German Federal Government revealed its finalized blockchain strategy, laying out ten principles to harness the perks of blockchain technology by the end of 2021. While the government is optimistic, they’ve thrown a wrench into the plans for blockchain-based stablecoins, citing concerns about maintaining monetary sovereignty.

• Stance on Cryptocurrencies: German Finance Minister Olaf Scholz made it clear that parallel currencies like Libra won’t be accepted, as they pose risks to national stability.

Summary of the Week

The week was nothing short of eventful for the German crypto scene, with initiatives popping up like daisies in Spring. From Neufund’s bold moves to IOTA making daily transactions easier, it’s clear that the future of blockchain in Germany is promising but not without its challenges. As the government steps in to outline regulations, businesses will have to navigate this exciting yet daunting landscape.