Luxembourg PM wants nation to be the 'digital frontrunner' in blockchain
Prime Minister Xavier Bettel said that he was "not a technical person" or a developer, but still backed blockchain technology for the future of Luxembourg. One of the smallest countries in Europe is aiming to be comparatively progressive in its adoption of blockchain and cryptocurrencies, according to the nation's leadership.Speaking in a pre-recorded message to attendees of the Luxembourg Blockchain Week conference, Prime Minister Xavier Bettel said the country is planning to "keep looking forward" and "keep taking risks" when it comes to innovative technology like blockchain. Bettel....
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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....
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....
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....
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....