Europe

African Migrants Turn to Cryptocurrency for Low Fee Remittance
May 04, 2021 at 12:31
News
African Migrants Turn to Cryptocurrency for Low Fee Remittance
Due to poverty and stringent economic conditions, hundreds of able Africans seek better employment opportunities in Europe and Asia. However, the high taxes and unfavourable monetary policies of many African countries make home remittance expensive. Migrant workers from the African continent are turning to cryptocurrency to affordably send money home.
Intelligence Services Benefit from the Darknet: Second Virtual Office Established by Russia
Apr 27, 2021 at 13:33
News
Intelligence Services Benefit from the Darknet: Second Virtual Office Established by Russia
Russian Foreign Intelligence accepts data from citizens using their virtual office in the darknet. This is the first office of the kind in Europe. Russia has followed the lead of the USA that was a pioneer in establishing a darknet office.
Ukraine Is Going to Jump on the CBDC Bandwagon with Stellar
Jan 07, 2021 at 15:43
News
Ukraine Is Going to Jump on the CBDC Bandwagon with Stellar
As most states in the world are moving towards rolling out their own state-backed blockchain-based digital currencies, Ukraine, a cryptocurrency-friendly country in Eastern Europe has also decided to follow the lead. The state is going to develop its own central bank digital currency (CBDC).
European Regulations Lead Crypto Startups to Choose the EU over the US
Dec 03, 2020 at 14:06
News
European Regulations Lead Crypto Startups to Choose the EU over the US
There is an opinion that European Union (EU) countries offer more favourable conditions for running cryptocurrency businesses. That is why companies tend to choose the European market over the United States.
Europe Reveles Its Digital Finance Strategy and Legislative Proposals on Cryptocurrency
Sep 27, 2020 at 10:43
News
Europe Reveles Its Digital Finance Strategy and Legislative Proposals on Cryptocurrency
The European Commission (EC) approved on Thursday September 24, a digital finance package, including a retail payments plan, digital finance strategy and legislative proposals on cryptocurrency and digital resilience, for a booming European Union (EU) financial sector that gives customers access to state-of-the-art financial goods and services.
Europe Is Going to Trial CBDC with Lithuania at the Forefront
Jul 06, 2020 at 10:18
News
Europe Is Going to Trial CBDC with Lithuania at the Forefront
Amidst rapid digitization of the world, central banks are making efforts to keep pace. Nevertheless, while Asian countries such as China have been actively developing its Central BankDigital Currencies, Europe has been cautiously exploring it. But now it seems the continent will see its first CBDC as soon as this week.
Lithuanian Central Bank Tests Blockchain Sandbox for Non-Financial Sector
May 29, 2020 at 13:11
News
Lithuanian Central Bank Tests Blockchain Sandbox for Non-Financial Sector
The Bank of Lithuania (BoL) is working on the development of a blockchain platform to support the non-financial sector. As per the report by Europe World News, the BoL unveiled that it has successfully completed the blockchain-powered sandbox ‘LBChain’ initiative.
Portugal Might Become Another “Crypto Nation” in Europe
May 09, 2020 at 13:30
News
Portugal Might Become Another “Crypto Nation” in Europe
Portugal is setting up a technology free-zone that would support innovations such as blockchain, Artificial Intelligence (AI), big data, and 5G internet.
Swedish Central Financial Institution Launches Tests of E-Krona Currency
Feb 22, 2020 at 12:14
News
Swedish Central Financial Institution Launches Tests of E-Krona Currency
The  central bank of Sweden has entered the world's first test of the issuance of their own central bank digital currency (CBDC). This means that the country has become part of those governments (over 15 countries) trying to issue their own CBDC.
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