61% of Luxembourg financial players to embark on crypto journey in 2022: PwC
The Big Four player PwC Luxembourg dropped a compelling report on crypto-asset intentions, ownership and challenges. In a bullish report released by professional services firm PwC Luxembourg, 61% of 123 Luxembourg-based financial players are “embarking or planning to embark on a crypto journey.”The report comes hot on the heels of competitor professional services firm KPMG Canada’s decision to add Bitcoin (BTC) and Ethereum (ETH) to its treasury. It appears the Big Four is warming up to crypto.Thomas Campione, blockchain & crypto-assets Leader for PwC Luxembourg, told Cointelegraph that....
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Luxembourg-based Bitcoin startup CoinPlus raises €172,500 in a first round of funding, and waits to meet with Luxembourg's financial regulator at the end of September. In a press release, CoinPlus CEO Christian Bodt, said there was still a long way to go, but remains optimistic. He added that an additional funding round was planned to occur before the end of the year. "The choice of Luxembourg was [obvious]. The country offers high-standard technical and administrative infrastructures, service providers at the cutting edge of technology, proximity with relevant authorities, as well as....
CoinPlus has successfully closed a first round of investment, which saw the firm add €172,500 to its coffers. The Luxembourg-based bitcoin startup reports the seed funding will allow it to speed up the operational and technical development of its impending product and add new members its team. Though not yet launched, CoinPlus is developing a multi-support payment processor and a currency exchange platform. Regulatory framework attracts bitcoin businesses. The startup was incorporated last July, following a ruling by the Luxembourg financial regulator, which found that bitcoin could be....
There is no doubt that the statement issued by the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg is the first constructive step towards the consensus with the Bitcoin environment and entrepreneurs. Law Library of Congress in cooperation with BitLegal proves this writing to be the first from the country on the corresponding matter. The official document says: “Therefore, the potential interested persons who would like to establish themselves in Luxembourg in order to carry out an activity of the financial sector (as, for instance, the issuing of means of payments in....
LUXEMBOURG (April 25th, 2016) — Today, Bitstamp, one of the longest-standing bitcoin exchanges and the leading European bitcoin exchange, announced that it has relocated to Luxembourg following approval for a national license as a fully regulated Payment Institution. The license has been signed by Luxembourg’s Minister of Finance Pierre Gramegna. With....
Kristov Atlas has developed a quick tool called TorBan which can warn of a Bitcoin-over-Tor de-anonymization attack, called the "Luxembourg Attack." The "Luxembourg Attack," first described by University of Luxembourg researchers Ivan Pustogarov and Alex Biryukov earlier this year, involves the use of thousands of Bitcoin nodes and a handful of controlled Tor exit nodes to "de-anonymize" users using Bitcoin over Tor. The Luxembourg research paper, titled "Bitcoin over Tor isn't a good idea" detailed the potential attack. The Bitcoin network has built-in denial-of-service (DoS) attack....