#Blockchain South Europe: The leading region for cryptocurrency and blockchain Published 2 weeks ago on January 5, 2019 By Joyce Lang Share Tweet Southern Europe is gearing up to become one of the premier regions for cryptocurrency and blockchain technology. In early December, the Mediterranean Seven agreement was signed between Portugal, Spain, France, Italy, Greece, Cyprus, and Malta. These seven countries are working together to promote blockchain technology across the Mediterranean and the adoption of different cryptocurrency technologies. These seven countries together represent a huge economic group and is a very exciting innovation to see happening. Recent Updates: Malta: Malta has done amazing things for blockchain and cryptocurrency regulation over the last year. Inviting companies from all around the world to come and set up their business in Malta. Some of the big names like Binance have made a lot of headlines by moving their base to Malta and a lot of others are planning to join the party as well. So Malta has been making a lot of strides when it comes to cryptocurrency. Allot of other countries should learn from their lead and they see a great opportunity in cryptocurrency in the same way they say a great opportunity in online gambling. For a little country like Malta, it can make a big impact on their tax revenues in the long term. Italy: Recently, the Italian government has published a list of thirty experts that they are bringing together to develop the nation’s blockchain strategy. The group is specifically focused on identifying the use cases of blockchain in the public and private services and developing the necessary technical and regulatory tools to promote the adoption of the technology. That’s a great step by Italy to get people to really get committed to doing it and it represents a positive step forward. Spain: Spain’s ruling party Partido Popular is introducing draft legislation around things like tax cuts for cryptocurrency companies. Also looking at how they can set up a national council for cryptocurrency and of course faster education of blockchain technology inside the country. Spain is no stranger to cryptocurrency by any means as its a very popular marketplace for cryptocurrencies and also we have seen some interesting innovations happening recently in Spain like for example cyclebit rolling out their cryptocurrency payment processing to 130 different cafes across Spain, Spain’s second-largest bank; Banco Bilbao Vizcaya and Argentaria has closed a 150 euro loan using blockchain technology with Porsche Holdings which is one of the largest car distributors in Europe and also Spanish renewable energy company Acciona Energia is going to deploy blockchain to trace electricity generation. So Spain has been doing quite a lot of work. France: France, which is one of the leaders behind the initiative to set up the Mediterranean Seven. We have seen a lot of back and forth on cryptocurrencies recently. Recently all of the people we excited about all the tobacco stores offering bitcoin for sale and that is exciting as it does visualize bitcoin to a large audience of people. But the best excitement is the government of France putting forward 500 million euros towards blockchain technology and hopefully, they will find some great use cases in France for blockchain technology and the country can become a leader in this. We can add into that the recent innovations towards ICO legislation but at the same time, the lower house of the France parliament has rejected recent amendments that would have seen the 2019 finance build easing cryptocurrency related taxation but unfortunately, that didn’t pass. Greece, Cyprus, and Portugal Up to this time, we haven’t really had any recent announcements out of any of those three countries but nevertheless, these countries are a part of the Mediterranean Seven and we hope that we will soon see some announcements from them in the near future about how they are hoping to integrate blockchain technology and how they are hoping to pass cryptocurrency friendly regulations etc. What do you think about the adoption of blockchain technology and cryptocurrency by these seven European nations? Tell us your thoughts in the comments section below. Related Topics:Bitcoinbitcoin adoptionBitcoin Adoption Europebitcoin atmBlockchainBlockchain TechnologybtcBTC adoptionBTC paymentcryptocryptocurrencyCryptocurrency Europecryptocurrency regulationCyprusEurope Bitcoin Adoptioneurope cryptocurrencyEurope Cryptocurrency RegulationfranceGreeceItalyMaltaMediterranean SevenMediterranean Seven agreementPortugalSpain Up Next How Accepting Bitcoin Can Help Your Business Don't Miss Another Bitcoin Mining Giant Goes Down: Bitcoin Cash Fears of Centralization Continue Reading You may like Bitcoin Still Stays Strong: Gamblers Prove Top 10 Friendly Countries for Blockchain Startups Stock Exchange of Thailand moving towards Cryptocurrency Bitcoin and Dark web: Transactions increasing, Values decreasing Trump Government Shutdown: Impact on Bitcoin ETF, Bakkt and Cryptos. Bitcoin Lightning Network Updates 2019: Advancements and Forecast 6 Comments 6 Comments Pingback: South Europe: The leading region for cryptocurrency and blockchain - Coinnounce - Crypto Ventures Pingback: South Europe: The leading region for cryptocurrency and blockchain - Satoshiuncle Pingback: The leading region for cryptocurrency and blockchain - Satoshi Nakamoto Blog Pingback: The leading region for cryptocurrency and blockchain – Stablecoin Guide Pingback: The leading region for cryptocurrency and blockchain – btcinfo teresebullen224 January 20, 2019 at 5:40 am May I simply say what a comfort to discover an individual who truly understands what they are talking about on the internet. You actually realize how to bring a problem to light and make it important. More and more people really need to look at this and understand this side of the story. It’s surprising you are not more popular since you definitely possess the gift. Reply Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Blockchain Top 10 Friendly Countries for Blockchain Startups Published 1 day ago on January 20, 2019 By Joyce Lang Blockchain has been a revolution in the digital market for the last couple of years. It has occupied an important place in the digital currency revolution. The growth of technology has touched various fields such as smartphones, vehicles, shipping and a small sector in the sector of banking. Although there is no country in the world which is not aware of this technology, there is a huge difference of opinion among countries regarding this revolution. There are various factors a blockchain startup has to look up before deciding it as a host country such as the jurisdiction regulations of the country, political views, tax system etc as these factors are going to affect the growth of any startup. While some countries are allowing blockchain startups to set up legally, while some are in no mood for any such beginning in the country and there are also some countries which are not sure about it. Let us take a glance at the top 10 friendly countries for blockchain startups: 1. Malta: This small Mediterranean country is on the verge of becoming the ‘island of blockchains’. The beginning of all these was when the biggest cryptocurrency exchange of world, Binance chose to inaugurate its office in this country. Also, they have informed all to set up a ‘crypto’ bank on this island. Malta has been improving and enhancing new regulations that are friendly for blockchain startups. The country is so much dedicated to this technology that even the head of the country, the Prime Minister has predicted that the country will be the best place for this kind of startups throughout the world. The regulations are mainly focussed to evolve and encourage the investors to start this kind of projects in the country. 2. Switzerland: The settling up of a crypto valley in one of its town, Zug, is sufficient to describe how much amiable this country to blockchain startups. It is one of the famous center of blockchain technology across the globe. Adding to the ice, they have imposed a tax-free regulation for the investors who want to invest in this kind of startups. Apart from it, their laws and regulations are very attractive and appreciated by investors as well as developers. It has been the host of several blockchain projects including DFINITY, Xapo and of course, Ethereum. The privacy rules and protection of data are also appreciated by the blockchain startups. 3. Japan: Japan is one of those countries which have approved cryptocurrency such as Bitcoin as a legal tender. It has been home of several blockchain traders, even some of the stores in the country have no problem in taking payments from users as Bitcoin currency. After six months of recognizance of cryptocurrency as legal, Japan is now accountable for more than half of total such trades. Although there are various regulations regarding blockchain startups, they are friendly and easy to be acceptable and it’s not difficult to stary sich any startup in the country. 4. Singapore: This country is a home of a huge number of triumphant startups in the field of blockchain technology. This country is nearer to two super giant technology rival countries Japan as well as China which makes it a more suitable center for startup of blockchains. The rules and regulations of this country are also very amiable and favorable bt the cryptocurrency. It has already a lot of exchanges of blockchain currency. So if a blockchain startup is willing to start and want to be in touch of both China and Japan clients and government, Singapore is the best country. 5. Belarus: Two years back itself in 2017, this country made several rules and regulation affecting blockchain and crypto industry. As per these laws, they have made these digital currencies as the legal one in the country. The restrictions in the trade related to blockchain technologies are so friendly that the investors almost feel free to start any such startup or invest in this kind of organizations. Also, as per the rules, these kinds of trades are tax-free in the country until 2023. Due to the friendly rules and success, it is one of the preferable countries for blockchain startups. 6. Estonia: Estonia is a developing country which has always tried to adopt new technologies in order for the benefits of the people and finance of the country. It has imposed several acts that attract the investors of the country as well as other countries to set up a blockchain startup in this country. It has declared itself to be a remarkable country in blockchain technology very soon. Also, they have established a new kind of citizenship known as e-residency which also attracts blockchain startups. 7. South Africa: This country has depicted a tremendous interest in blockchain technology. They have made the crypto transactions as legalized one in the country. They have made several initiatives in order to attract the investors to start such startup in South Africa. The rules and regulation related to this crypto market in this country are also not so harsh, they always tend to welcome these industries. It is becoming as one of the most profitable countries for blockchain startups in Africa subcontinent. 8. Denmark: Denmark has already announced a regulation stating complete relaxation in tax for any kind of blockchain trade. It is one of the most amiable countries for welcoming these types of startups in the country. The rules of the country are very friendly for the crypto industry making it one the interest for blockchain startups. 9. United States: When it comes to adopting new technology in the market, this country is always in the front. The rules and regulations vary across different states of the country. Despite the oppose in some state, there are Bitcoin ATMs in the country. The friendly states of the county, Montana, Texas, etc. have very amiable regulations while welcoming the blockchain startups. Apart from it, no other country in the world can be better for any technology to start other than the US itself. 10. United Arab Emirates (UAE): This Arabian country is also one of the most friendly nations. They have already used their own digital currency since 2016 and now welcoming global cryptocurrencies. The jurisdiction is very cooperative towards the blockchain and crypto industry. They are planning to be the first country in the world as a government powered by blockchain by next year. Due to these reasons, UAE is also one of the most preferable countries for blockchain startup. The market conditions of countries continue changes. The expansion of crypto and interest in blockchain startups is so high that many countries are willing to accept it in their country. There are various factors to establish the startup in the country and initial requirement would be an amiable regulation and legalization. Apart from above-mentioned countries, UK, Sweden, China, South Korea etc. are also preferable. Continue Reading #Blockchain 2019 Blockchain Adoption: The Next Cryptocurrency Price Catalyst Published 4 days ago on January 16, 2019 By Janet F. Sanchez Industries that we never thought would be disrupted, will be disrupted massively and the company executives know it and they want to be ahead of the curve and find ways to not be disrupted out of their business. Blockchain has got a lot of amazing applications and uses cases but at the same time blockchain will not solve all of the world’s problems. It can certainly go along way towards solving quite a few of them which is amazing as a tool. Let have a look at some of the recent survey statistics from a report from Deloitte related to blockchain technology: Around 95% of the companies surveyed say that their company plans to invest in blockchain technology in 2019. With 16% of the company executives surveyed said that they are planning on investing $10 million or more into blockchain technology in 2019. 84% believe that blockchain technology is broadly scalable and will eventually achieve mainstream adoption. 68% of the executives polled also believed that they will lose a competitive advantage if they don’t implement blockchain technology. 59% of people who were polled believe that blockchain will disrupt their industry. 39% of the people viewed blockchain as being overhyped. The executives who are most interested in blockchain technology by industry are Automotive industry: 73%, Oil and Gas industry: 72%, Live Sciences: 72% being the most bullish on blockchain technology. 84% of executives polled expect blockchain to provide more security than conventional IT systems. 32% of executives expect greater speed. 28% of executives are looking for new revenue models. Only 2% perceive no significant advantage of blockchain over existing systems. 42% of surveyed view blockchain as a critical strategic priority for their organization. According to 39% of people surveyed, regulatory issues present the greatest barrier to further investment in blockchain technology. 37% of executives are more concerned with the actual implementation of the technology. Citing things like lack of in-house understanding of how to implement blockchain technology. 45% of companies are considered to be likely to join a blockchain consortium with competitors while 29% are already a part of a blockchain consortium. 52% of companies are focused on permissioned blockchains. So we are going to see a lot of permissioned blockchains within companies so that’s not surprising but 44% are prioritizing public blockchains. There are going to be a lot of companies that don’t really do very much in terms of buying bitcoin or any other cryptocurrency but there are will be a lot of companies that will because the use case for public blockchain is very real and the use case for value transfer is very real and companies recognize that. Some of the biggest use cases that companies are looking at are supply chain, internet of things and digital identity. A lot of that has very strong value on public blockchains in particular. So public blockchains such as bitcoin will see a lot of use. If we assume that as surveyed, 44% of the world’s top 1000 businesses start using pubic blockchains such as bitcoin and ethereum on a regular basis. What do you think that is going to do for the price and adoption? The United States is lagging behind overall, especially behind the other nations, particularly which were polled: China, Canada, Germany. Going back to the regulatory concerns which are probably holding back a lot of American executives from getting more into blockchain technology particularly into public crypto assets such as bitcoin or ethereum. The report from Deloitte finishes up saying that blockchain is not ready for prime time yet, it is getting closer to its break out moment every day. The report states the momentum is shifting from a focus on learning and exploring the potential of the technology to identifying and building practical business applications. If we go back to when the internet started and invest in companies that became the big things, that’s what we have right now with cryptocurrencies. Though there will be companies that won’t need crypto assets themselves, they’ll be using blockchain technology but we are going to have a lot of companies which are going to be using these public blockchains for a wide range of use cases. This is going to be the new internet of value and the future of the web and cryptocurrencies are going to play a very strong part in that. The crypto markets are just these powder cakes ready to blow. We have institutional investors coming in, we have better infrastructure than we have ever had before for the crypto industry and businesses are using and investing in blockchain technology. Let us know your opinion on the Deloitte’s report in the comments section below. Continue Reading #Bitcoin How Accepting Bitcoin Can Help Your Business Published 2 weeks ago on January 5, 2019 By Guest Author Recently, cryptocurrencies and bitcoin have become the main topics in the financial industry. A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining characteristic of a cryptocurrency and arguably its most endearing allure is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation. Cryptocurrencies have their benefits and drawbacks. The paper elaborates different aspects of cryptocurrencies, starting with their early development, challenges and risks, opportunities, advantages and disadvantages, and their future. Also, the paper covered issues related to the practical and technical function of cryptocurrencies. It was concluded that it is not easy to predict the future of cryptocurrencies since there is a lot to be done especially in the field of formal regulations. However, the banks and other financial institutions should see and consider cryptocurrencies as an alternative for the financial transactions in the future. Faster, Cheaper Payment Solution Bitcoin transactions can occur at any time, are fast and have lower fees. The average Bitcoin transaction is executed in 10 minutes with fees for simple P2P transfers to remittances coming in at under 1%. This is due in large part to the fact that traditional third-party financial institutions like banks are removed from the transaction process. Merchants and individuals using bitcoins are not restrained by set banking hours, withdrawal limits or long transaction execution periods before funds become available. Safeguards Against Currency Manipulation Bitcoin is not owned or controlled by a country or governing body. Additionally, unlike many other forms of currency, the number of bitcoins that will be issued is finite, exactly 21 million. The benefit of this lack of ownership and the limited amount is that the bitcoin supply cannot be artificially manipulated. When it comes to fiat currency, governments can easily print additional paper or mint coins, devaluing existing money in circulation and causing inflation. The decentralized nature of bitcoin decreases monetary concerns and mostly leaves fluctuations in value up to natural supply and demand economics. Greater Consumer Protections The use of bitcoin as an alternative to fiat currency protects the downside that can occur with traditional bank accounts. This includes the threat of bank failure or skimming. In the event of a bank failure, a customer can face frozen bank accounts while liquidation plans or bailouts are hashed out. In some countries, traditional bank customers may even find that banks will skim money off of customer’s accounts to remain solvent. This occurred during the banking crisis faced by Cyprus in 2013. With bitcoin, individuals remain in full control of when and how their assets are retrieved, transferred and spent. Essentially, digital currency users become their bank. Greater Transparency Because all bitcoin transactions are permanently recorded on the blockchain, all sales are public and traceable. The balance associated with each address is also part of the public record. The blockchain makes bitcoin much more transparent than many other monetary systems. Private and Secure Although all bitcoin transaction details are stored publicly on the blockchain, the identities of the users involved remain relatively anonymous. Because payments can be made without including personal identification information, Bitcoin provides inherent security against identity theft. Additionally, there is no risk of being charged twice or of fraudulent charges being assessed to your wallet thanks to the blockchain, which monitors unique coin addresses and eliminates the possibility of paying multiple people with the same bitcoin. Bitcoin doesn’t offer the complete anonymity of cash but is undoubtedly a far more private experience than making online payments or transactions using debit or credit cards. Final Thoughts Bitcoin is currently the most valuable and widely adopted digital currency. A growing number of businesses, charities, and other organizations are accepting bitcoin payments ranging from e-retailers to law firms to sports franchises. Further, recent inflationary and banking crises across the globe have highlighted some of the critical threats inherent to fiat currency. This creates additional opportunities for decentralized digital currencies. Education will be essential to increasing Bitcoin’s acceptance and usage by merchants, institutions, and individuals. The system will also need to address common criticisms around illicit use of bitcoin and work diligently to build regulatory and legal frameworks around the world. 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