Europe: Crypto and Blockchain News Roundup 20th May to 26th May, 2019

Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country.

Europe

France

Bill allows cryptocurrency-pegged life insurance contracts: A recent bill approved in France will allow insurers to use the option of cryptocurrency payouts as life insurance. These insurance products were previously not allowed by the government but now that the sector is growing, the progress is back on track.

The bill was passed by the French deputies on Thursday and did not mention cryptocurrencies but rather left the limits of the agreement to the wisdom of the investors and institutions offering these services. With no new limitations left, users can now have a variety of options when it comes to life insurance contracts in the country.

United Kingdom

Expert says the rich might be forced to save in cryptocurrencies if Jeremy Corbyn came to power: Nigel Green, the CEO and founder of deVere group has claimed that wealthy Britons might look towards cryptocurrencies for stashing their wealth if the Labor party under Jeremy Corbyn ever came to power.

According to Green:

“High-net-worth individuals in Britain and wealthy international investors with UK assets and business know that they will be hit by Mr. Corbyn’s tax hikes on wealth, income, and inheritance.”

After the resignation of the current prime minister, another election could be on the cards and Corbyn’s tax reform might force rich people to stash their wealth either abroad or in cryptocurrencies.

Switzerland

Swiss Stock Exchange to develop Franc Stablecoin: Swiss stock exchange SIX is looking to introduce a stablecoin that is pegged to the national fiat currency i.e. Franc. The move could usher a new era in the country as far as the usage of stablecoins is concerned.

The exchange is looking to use the stablecoin on its official exchange platform the SDX. The timeline for the creation and deployment of the coin was, however, not announced by the company.

Russia

Central bank expecting crypto bill adoption this spring: The Central Bank of Russia is looking forward to implementing the new cryptocurrency regulation that it hopes will pass in spring this year according to reports from TASS.

The bill titled ‘On Digital Financial Assets’ (DFA) will be accepted and adopted during the spring session of 2019 and is rumoured to be overseen by President Vladimir Putin himself. Russian regulation in this sector have previously been hampered by an intervention by the Financial Action Task Force (FATF) that obligated the country to influence the lawmakers to define the key terms in the legislation and not be completely reliant on the state bank alone.

Malta

Malta Chamber organizes brokerage event: Malta’s biggest blockchain conference Malta AI & Blockchain Summit is gearing up for a dazzling display during winter this year. The event is expected to host over 5500 delegates from the blockchain sector and notable speakers include Bobby Lee, Roger Ver, Brock Pierce and many others. Before the main event, a brokerage event, strictly B2B was organized by the Maltese Chamber of Commerce and Industry. Participants from over 15 countries took part in the competition and had over 160 B2B meetings.

Malta is one of the most progressive countries when it comes to blockchain and cryptocurrencies and is eager to maintain or even improve its status and attract investment from around the world.

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