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Germany is permiting, Ethereum is developing, Nasdaq is controlling

11/06/2018
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In Germany, you can install cryptomates without a license, Buterin said the need to move to Ethereum 2.0. Nasdaq licenses the blockchain control solution.

Changing the status of cryptocurrency in Germany

Last month, a German court found that a cryptocurrency is not a monetary instrument. This led to the fact that the first cryptomat was installed in the country. It did not require obtaining a license from the financial regulator BaFin, it was previously required.

After a court ruling is issued, a Bitcoin ATM (BTM) can be set up without lengthy legal delays. Germany is very conservative about cryptocurrencies, which affects the speed of adoption of laws and regulatory acts. The neighbors of this country have long decided on the status of coins and developed the rules of circulation. The equipment was imported into the country from Austria, where the authorities were much more loyal to Bitcoin.

cryptocurrency in Germany

Vitalik Buterin told about Ethereum 2.0

At the Prague conference Devcon4, one of the founders of Ethereum spoke about the imminent transition of the platform to a new stage. According to him, Ethereum 2.0 will be much safer, more convenient and faster for users. It is expected that the network performance will increase to 1000 operations per second, and power consumption will significantly decrease.

This will help the transition to the algorithm Proof-of-Stake, which will optimize the process of recalculating the blockchain. Changing the economics and logic of the protocol is also a priority for developers. It is worth saying that so far not everything goes so smoothly with them. For several years now, work has been carried out in this direction, but it is not yet possible to obtain a visible result.

Buterin about Ethereum 2.0

Nasdaq is ready to offer tools to combat crypto fraud

The Nasdaq Exchange is licensing the product to track the situation on third-party sites. Already, colleagues from new exchanges are turning to it for help to launch financial products. The task of developing Nasdaq will be tracking attempts at fraudulent trading methods, such as insider trading and laundering trading.

It is expected that Nasdaq will launch a project built on the Ethereum on Azure platform from Microsoft. A feature of this blockchain is the use of the Proof-of-Work consensus algorithm, which does not require the construction of a decentralized network.

More about Nasdaq safety

Nasdaq and crypto fraud

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