Europe: Crypto and Blockchain News Roundup 24th to 30th June, 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

The United Kingdom

Phishers and scammers using better English to lure unwary victims: A fresh report by NakedSecurity reveals that cryptocurrency scammers are now using better English with perfect grammar to lure unwary victims in their scams.

It is normally expected that phishers are operating from other countries who do not speak English that well and thus the quality of the English can instantly be a benchmark for ascertaining the authenticity of the source but now phishers are learning and are starting to use perfect English for their emails and phone calls according to the NakedSecurity report.

Native English speakers for drafting scammy emails are probably now in demand.

Survey shows UK public’s attitude towards cryptocurrencies: A recent survey conducted by the English exchange CEX.io has outlined the attitude towards cryptocurrencies among the local populace. 

According to the survey, 1013 respondents with almost equal males and females had disparity when it came to age groups as 11% respondents were from 18-24 age group while 24% of the respondents were from 65+ group.

According to the survey, only 13% of the surveyed people owned any cryptocurrency. Interestingly enough, 15% of the people wanted to invest in bitcoin to support the ecosystem as to say.

About 18% of the respondents said that they enjoyed the crypto trading experience while 21% cited curiosity towards the new sector as the main driving force behind their investment.  When asked about the most appropriate usage of crypto, 14% of the respondents believed it to be investments, while very few of them considered charity, crowdfunding for a property, and retail to be the most appropriate use of cryptocurrency. Almost half (48%) of the respondents choosing ‘none of the above’.

The latest surveys report a steady increase in interest towards cryptocurrencies in the country.

London-based finance group advocates for crypto to FATF: One london-based digital finance group has apprised the Financial Action Task Force (FATF) regarding the compliance of the cryptocurrencies and their transactions towards the latest regulations enforced by the global Anti Money Laundering watchdog.

According to the group, much of the information regarding cryptocurrency transactions is already available despite it serving as the anti thesis of the original purpose of cryptocurrencies.

Switzerland

Crypto Industry demands operational banking services: Swiss crypto startups and institutions are demanding seamless financial services from banks after regularly running into issues due to the nature of their work.

According to a report by Swissinfo, more than 750-strong crypto and blockchain startup sector in the European country is being affected because they are unable to get enough funds from financial institutions like banks or investors.

Despite the crypto-friendly regulations in the country, Swiss blockchain industry is still struggling to provide the required finances, thus causing various issues and slowdowns of the progressive sector.

Germany

Parties to use blockchain for public services: German Christian political parties including Christian Democratic Union of Germany (CDU) and Christian Social Union in Bavaria (CSU) have expressed interest in using blockchain for the provision of public services in the country.

The parties aiming for the center-right vote are now looking to get tech savvy to attract the attentions of the voters. Other politicians have also spoke in favour of cryptocurrencies including Germany deputy parliamentary leader Nadine Schon who has called for the development of a national cryptocurrency.

Malta

Government to register rental contracts on the blockchain: The government of Malta has declared that all future contracts will be registered on a decentralized ledger to boost transparency.

According to a revelation by the Maltese prime minister, the project will enhance the security and safety of the tenants and the owners by protecting against record tampering and ensuring only authorized people can access records.

Malta is known for its pro blockchain and crypto policies and is now looking to mainstream the sector within the country to attract investment from all over the world.

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