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Treats Bitcoin as legal tender. Does not tax small purchases made with bitcoin. Last updated: June 3, 2018.

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Germany takes aim at Facebook Libra; plans to block private stablecoins

The German grand coalition, the governing coalition of the two biggest political parties in Germany, is looking to deny the launch of projects like Libra, according to a report by Spiegel. This month, members of the German government will approve the country's blockchain strategy which will "not allow market-relevant private stablecoin" to exist in the country, according to Christian Democratic Union of Germany (CDU) parliamentarian Thomas Heilmann. Heilmann is responsible blockchain policy of the CDU parliamentary group. "Up to now, the economy has done a great job in countering crises and inflation with measures taken by central banks," says Heilmann. "Once a digital currency provider dominates the market, it will be quite difficult for competitors." Germany's move comes after France’s Minister of the Economy and Finance, Bruno Le Maire, claimed that the country would halt the development of Facebook’s planned Libra stablecoin in Europe because it threatens the “monetary sovereignty” of governments.
The Block Crypto

Trive.Park App Incorporates Tangle as IOTA Transforms Transport in Germany

Various cryptos exist without blockchain. Most of them including IOTA exist via the DAG model that is described as blockchain without blocks. In this network, transactions are directly connected to the chain without requiring any miners to validate blocks. Many commentators and analysts believe that virtual currencies like IOTA will gain mainstream acceptance once institutional investors dive in. In Germany, institutions are joining the nascent crypto sector and finding real-life use of different tokens. The latest entrant is Trive.Me, the company that developed Trive.Park. Trive.Park is a parking management that has integrated IOTA’s Tangle technology to automate booking and payments for the parking spaces available in Germany. Back in 2016, IOTA came among the pioneer start-ups that effectively implemented the ‘blockless blockchain.’ IOTA means ‘Internet of Things Applications.’ It strives relentlessly to provide instant transactions with zero fees for the users. That is a major cost-effective solution for micro-payments with cryptos. The demand for parking is growing rapidly in the country and hence new systems and infrastructures are sort after by most motorists. The new app lets motorists reserve parking in advance. Furthermore, the application provides parking garage owners with a chance to digitize their assets and monetize them using the new online reservation system. According to Alexander Süssemilch, the Head of Product at Trive, IOTA ranks as the best solution for this activity since it can process micro-payments at minimal fees. Outlook Trive.Me is convinced that IOTA has the key to unlocking efficiency and enhancing customer experience. IOTA, just like most of the major cryptos is currently pressed down by an increasing selling pressure. After opening the Asia session on September 9 at $0.2449, IOTA managed to hit an intraday high of $0.24528. Currently, IOTA is hovering around $0.238 after a 1.75% loss on the day. Like what you're reading? Subscribe to our top stories The post Trive.Park App Incorporates Tangle as IOTA Transforms Transport in Germany appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
Cryptovibes

Burger King Now Accepts Bitcoin Payments In Germany for Delivery and Online

The prominence of Bitcoin is rising all around the world. Now, the German clients of Burguer King will finally be able to accept Bitcoin (BTC) payments. Initially, the payments will only be accepted on the mobile app and on deliveries, though, so don’t expect to be able to personally buy a burger and pay using […]
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DIGEST

Updates on Shift Card, Bank of Lithuania and ETF rules in Indonesia, police to tackle some crimes in Canada India and Turkey, IIT Bombay to join Ripple's UBRI, UAE waste permit portal on blockchain, Germany's interest and Spain's skepticism, Oracle for Czech SDK.finance

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DIGEST

All in this week’s News Digest: McAfee still has a lot of faith in crypto, Robert Shiller explains the roots of this faith, more new exchanges are coming, an investigation into Bitcoin price manipulation, and Verge is hacked again.

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Token Swap: Tether Announces Token Burn Of Over 400 Million USDT

Tether has shared a piece of information about a forthcoming token burn which according to announcement would take place shortly. According to a tweet from their official Twitter handle, Tether plans to shortly move 400 million Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. Tether will shortly move 400m Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. — Tether (@Tether_to) September 16, 2019 Tether Minted 300 million USDT Few Days Ago Few days ago, Tether took to Twitter to inform its users that it was coordinating with a third party to perform a chain swap. This was planned in order to convert some tokens from their original Omni to an Erc 20 protocol. At the time of the initial announcement, 300 million Tether USDt was announced to have been minted for the swap. However, these conversions took place few days ago as Tether promised the token swap wouldn’t disrupt the total supply. In few hours Tether will coordinate with a 3rd party to perform a chain swap (conversion from Omni to ERC20 protocol) for 300M USDt. Tether total supply will not change during this process. — Tether (@Tether_to) September 12, 2019 Whale Alert, a twitter account dedicated to alerting the community of big cryptocurrency transactions, noted the coinage described above in a tweet published on Sept. 12. As per a second tweet submitted as an answer to the first one, Whale Alert offered an explanation of the type of transaction: “This USDT mint is part of a swap. The corresponding burn on Omni has not taken place yet.” And finally, Tether is burning the Omni Tether that was already converted to ERC20. Until now, no token burn has taken place on Omni blockchain. In July, it was reported that Tether accidentally minted and burned 5 million USDT tokens. However, Tether long-standing controversy about issues relating to transparency and market manipulation. The post Token Swap: Tether Announces Token Burn Of Over 400 Million USDT appeared first on Coingape.
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Zero-Knowledge Proof Solution from QEDIT Implemented Into Kaleido Blockchain For Transaction Privacy

Kaleido, a startup blockchain solution from ConsenSys Venture Studio has gone on record to become the first blockchain platform to implement the zero-knowledge proof solution from QEDIT—the crypto private company. A Non-compulsory Feature On September 13th, 2019 QEDIT shared a paress released with Cointelegraph where it stated that the partnership it had developed with Kaleido […]
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Cryptocurrency Exchange OKEx Korea Removes Privacy Altcoins

According to an official announcement made by the South Korean branch of OKEx, the popular exchange will delist five privacy coins as early as October 10, 2019. Complications for Privacy Coins Trading of Monero (XMR), Dash (DASH), ZCash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) on OKEx Korea will be suspended on October 10, 2019,Read MoreRead More. The post by Edoardo Vecchio appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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