The past week has seen a range of crypto- and blockchain-related developments in the German-speaking world. The German Federal Ministry of Justice and Consumer Protection is planning to sponsor a research project of the University of Marburg on legal issues surrounding blockchain technology, the Swiss online bank Swissquote began offering its customers the trading of a real estate portfolio-covering security token, and an Austrian research project provided proof of profitability for blockchain technology-based decentralized marketplaces.
Below is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf Deutsch.
The German Ministry of Justice donates 900,000 euros ($991,916) for blockchain research
The research project “Blockchain and Law” from the Institute for the Law of Digitization (IRDi) at the Philipps-University in Marburg aims to eliminate “the enormous legal uncertainties in technology” that are currently hindering entrepreneurial initiatives.
By implementing the project, the country intends to compete with the United States and Asia from within the European Union, as they have “already become active in many issues while the EU is still in the exploratory phase”. Markus Uhl, the responsible reporter of the Committee on Budgets, said:
“The blockchain and law project will focus on unexplained legal issues, such as cryptocurrency and assets or public registers, such as the suitability of blockchain for maintaining the land register and commercial register. […] Of course, the IRDi will also define the legal nature of the blockchain and the applicable law. “
ING study: European consumers do not see crypto as an alternative to traditional money
Consumers in Europe, Australia and the U.S. do not consider digital currencies an alternative to traditional money, according to a recent study by ING Bank. Less than a third of European consumers surveyed believe that digital currencies are “the future of online payment”, while in…