Over 2,500 Austrian merchants can now accept cryptocurrencies as a payment method.
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.
A-Trust’s QualiSig project has received 60,000 euros of Austrian government funding to provide secure crisis communications between authorities and citizens.2322
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.3972
An ongoing ransomware attack targets the public services infrastructure of Weiz.11954
Raiffeisen Bank International is extending collaboration with Polish-British fintech Billon for a new form of DLT-based national currency tokenization.5158
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.5180
German firm Black Manta Capital Partners has launched a security token offering for $12 million worth of Berlin real estate.4975
Nigma Conseil and the Austrian Institute of Technology joined forces to provide an alternative blockchain forensics platform, offering compliance for AML and KYC.2866
Cointelegraph auf Deutsch presents a weekly digest of selected cryptocurrency and blockchain-related developments from the German-speaking world.3858
Cointelegraph auf Deutsch presents a weekly digest of selected cryptocurrency and blockchain-related developments from the German-speaking world.4488
This week’s selected cryptocurrency and blockchain news from the German-speaking world, courtesy of Cointelegraph auf Deutsch.4178
As the deadline for the so-called travel rule looms, crypto exchanges and issuers are responding to the pressure.7598
From Cointelegraph auf Deutsch: Germany announces additional crypto regulations, Switzerland adds a new blockchain hub and Austrian scammers use fake celebrity ads.3615
This week from Cointelegraph auf Deutsch: German authorities’ opinion on Facebook’s Libra and Swiss crypto banks getting FINMA licenses.3055
From CT auf Deutsch: a highly active BaFin and a bankruptcy filing from an Austrian crypto ATM start-up lead the week’s news from the German-speaking world.2626