The funding round was led by Valar Ventures and partners from DST Global.
The Federal Republic of Austria is a country in central Europe with 88,000 square kilometers of area and a population of around nine million people. Austria has a developed, highly-industrialized economy that provides itself with one of the highest GDPs per capita. The main industries in Austria are construction, machinery, agriculture and wood products. Austria had the largest industry companies nationalized until the 1980s, when privatization started to reduce state holdings. Bitcoin is legal in Austria. However, Austria has issued Bitcoin taxes, despite not considering it to be a currency. For the rest of the industry, Austrian blockchain-related businesses are free to operate. Austria has Bitcoin ATMs, Bitcoin exchanges and cryptocurrency startups. The high personal income and level of education make Austria a welcoming place for blockchain startups.
Crypto scams appear to be dominating investment fraud cases in Austria.19908
The Iota Foundation is teaming up with one of Austria’s most prestigious universities to foster research in distributed ledger technologies.12615
The Vienna Stock Exchange and the Singapore Exchange are warming up to cryptocurrency.15682
Over 2,500 Austrian merchants can now accept cryptocurrencies as a payment method.6276
A-Trust’s QualiSig project has received 60,000 euros of Austrian government funding to provide secure crisis communications between authorities and citizens.2573
The CEO of Kingdom Trust, a Bitcoin-friendly custodian managing more than $13 billion in assets, believes Bitcoin comprises a digital realization of Austrian economics.4174
An ongoing ransomware attack targets the public services infrastructure of Weiz.12261
Raiffeisen Bank International is extending collaboration with Polish-British fintech Billon for a new form of DLT-based national currency tokenization.5416
The Austrian government is backing a project that would let citizens submit data about industrial waste heat spots for district heating, receiving tokens as reward.5397
German firm Black Manta Capital Partners has launched a security token offering for $12 million worth of Berlin real estate.5340
Nigma Conseil and the Austrian Institute of Technology joined forces to provide an alternative blockchain forensics platform, offering compliance for AML and KYC.3119
Cointelegraph auf Deutsch presents a weekly digest of selected cryptocurrency and blockchain-related developments from the German-speaking world.3977
Cointelegraph auf Deutsch presents a weekly digest of selected cryptocurrency and blockchain-related developments from the German-speaking world.4577
This week’s selected cryptocurrency and blockchain news from the German-speaking world, courtesy of Cointelegraph auf Deutsch.4278