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German Airline Company Hahn Air Issues Tickets on Blockchain

German airline Hahn Air claims to be the first airline company to issue tickets on a blockchain, the firm announced in a press release on Nov. 18. The ticket sale using blockchain technology was made possible through Hahn Air’s collaboration with a decentralized platform for the travel industry, Winding Tree. Frederick Nowotny, head of sales engineering at Hahn Air, Maksim Izmaylov, the founder of Winding Tree, and Davide Montali, CIO at Winding Tree, became the …

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German Regulator Flags Crypto Broker for Operating Without License

German regulator federal financial supervisory authority (BaFin) issued a warning against Bulgarian cryptocurrency broker 5 Capital on Nov. 11. The regulator has barred 5 Capital from operating in the country since the firm illegally offered Contracts for Difference (CFDs) designed to expose clients to the price movements of cryptocurrencies. Operating without license The regulator found that the company provided the service without the necessary license. Per the announcement, the broker is based out of Sofia, …

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German Regulator Orders ‘KaratGold Coin’ Issuer to Cease Operations

The hammer is coming down again on the Karatbars ecosystem as German and South African regulators have taken separate actions over sales of a purportedly gold-backed cryptocurrency. Germany’s Financial Supervisory Authority (BaFin) disclosed Monday that it had issued a cease-and-desist order against Karatbit Foundation on Oct. 21 for issuing its KaratGold Coin without necessary licensing in the country.  Also Monday, South Africa’s Financial Sector Conduct Authority (FSCA) warned consumers to avoid investments offered by Karatbars …

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Crypto News From the German-Speaking World: Nov. 3-10

The past week has marked a number of crypto- and blockchain-related developments in the German-speaking world. Malta Enterprise partnered with Deutsche Telekom’s IT service subsidiary to offer its blockchain-as-a-service (BaaS) marketplace, French IT company Atos and Austrian startup Smart Digital proposed industrial plant inspections using blockchain, and the German Federal Financial Supervisory Authority (BaFin) launched a market survey on crypto assets derivatives. Below is the past week of crypto and blockchain news in review, as …

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Oct. 27 – Nov. 2 in Review

The German-speaking world has experienced another week full of exciting developments in the crypto industry, with Germany setting the pace in the European fintech scene, German banks arguing in favor of a digital euro, Austria testing how to trade electricity with blockchain technology, and the Swiss crypto trading platform Sibex securing a $1.8 million investment. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf Deutsch. Austria: …

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Association of Prive German Banks Argues for Digital Euro

German banks have presented a position paper in which they make several arguments for the digital euro. On Oct. 30, in a paper released by the Association of German Banks (Bankenverband), which represents more than 200 private commercial banks and eleven member associations, banks stated that the “economy needs a programmable digital euro.” Monetary policy is the state’s responsibility, says Bankenverband The paper states that the responsibility for the monetary system lies with sovereign nation-states …

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Deutsche Börse Aims to Ease Digital Securities Transfer With New Deal

The venture capital arm of German marketplace Deutsche Börse has sealed a new partnership for allowing institutional investors to obtain digital securities. Deutsche Börse pushes regulated digital securities In a press release on Oct. 30, Deutsche Börse Venture Network (DBVN) confirmed the deal with local fintech company Cashlink, the benefits of which will be available immediately. From now on, investors with DBVN will be able to complete the funding process entirely digitally using tools based …

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Crypto and Blockchain News From German-Speaking World: Oct. 20-26

The German-speaking world has seen an array of crypto and blockchain-related developments over the past week, with the Federal Ministry of Finance concluding that cryptocurrencies are hardly involved in money laundering and terrorist financing (TF), Bitwala integrating a feature for automatically generating cryptocurrency tax reports, and  the Graz startup Lab10 Collective developing a more energy-efficient blockchain. Below is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf Deutsch. …

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Oct. 6 – 12 in Review

The German-speaking world has experienced another week full of exciting developments in the crypto industry, with Germany investigating the feasibility of a blockchain-based regional power trading platform, Iota Foundation joining forces with Zühlke to solve engineering problems and the German Central Bank saying that there is no need for a digital euro coin. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf Deutsch. Germany promotes research …

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Alfa-Bank, Commerzbank Pilot Cross-Border Payments on R3’s Marco Polo

Alfa-Bank and Novolipetsk Steel Company (NLMK), in cooperation with Commerzbank and Vesuvius GmbH, are piloting Russia-Germany cross-border payments on R3’s Marco Polo network. Powered by R3’s Marco Polo Blockchain Global Trade Network On Oct. 11, Alfa-Bank announced that it is launching a foreign trade finance pilot transaction, with the cooperation of NLMK, Commerzbank and Vesuvius GmbH using R3’s Corda-powered Marco Polo Network. In the announcement, Alfa-Bank described itself as Russia’s largest financial institution measured by …

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