At a time in which bitcoin reaches a new all-time high of $17,900 and the cryptocurrency’s market cap nears the $300 billion mark, regulations are seemingly becoming a very popular way for governments to cope with its existence.
Stock exchange operator Deutsche Boerse is reportedly considering whether to make Germany the first European country to list full-fledged bitcoin futures contracts on a regulated trading platform.
Germany’s primary financial and securities regulator has joined a growing list of global counterparts in warning investors of initial coin offering (ICO) risks.
The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), German for the Federal Financial Supervisory Authority has warned investors of “substantial risks” in “highly speculative” ICO investments.
In a notice published yesterday, the financial authority wrote:
ICOs are a highly speculative form of investment.
Bitcoin.de, the largest German bitcoin marketplace, will soon integrate support for Ethereum traders on its platform.
On September 27, the Bitcoin.de development team revealed in an email to its clients that it is set to add Ethereum trading in the upcoming weeks. In an interview with BitcoinBlog.de, a local bitcoin-focused news publication, an employee of BItcoin.de stated that the company has come to a decision to integrate Ethereum due to the overall rise in demand toward alternative cryptocurrencies (altcoins.
A group of German banks working with the R3 blockchain consortium has successfully replicated the sale of a €100,000 security on a distributed ledger platform.
Announced yesterday, Commerzbank, KfW Banking and MEAG all took part in the effort, designed to test an extension of R3's Corda platform. According to the companies involved, the trial served to show how a money market instrument, traded using distributed ledger technology (DLT), could take place with fewer intermediaries and in a shorter timeframe.
Germany's central bank has published a new research paper centered on distributed ledger tech (DLT), exploring its use for payments, securities settlement and more.
Researchers from the Deutsche Bundesbank wrote in the paper that the tech "offers a number of benefits on account of the distributed storage of data" – highlighting both the potential opportunities as well as some of the practical challenges any application might create.
In an English-language explainer published alongside the paper (the original version is in German only), the German central bank noted that it doesn't see much of a role for the tech in consumer payments, arguing:
"The Bundesbank’s experts see little prospect of DLT being put to widespread use in the field of individual and retail payments given the current state of the art.