Crypto News From the German-Speaking World: Sept. 30

The German-speaking world has experienced another week full of exciting developments in the crypto industry, with Liechtenstein approving the new Blockchain Act, Iota Foundation joining the European climate research community and Germany taking a firm stand against stablecoins.

Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf Deutsch.

On Oct. 3, the Parliament of Liechtenstein approved the Token and TT Service Provider Act, also known as the Blockchain Act, which aims to improve investor protection, combat money laundering and establish clarity.

The new law will make Liechtenstein the first country to have comprehensive regulation of the token economy.

Iota joins European Union climate research community.

On Sept. 30 Cointelegraph auf Deutsch reported that the Iota Foundation has joined the EIT Climate KIC research community of the EU-funded European Institute for Technology.

In addition to research institutions such as the TU Berlin and the TU Munich, the EIT Climate KIC includes several other companies and think tanks in Germany.

Together the companies hope to develop new products and services in relation to important climate issues and problems.

On Oct. 5, Cointelegraph auf Deutsch reported that Frankfurt-based fintech company Savedroid was acquired by Advanced Bitcoin Technologies AG. Per the report, the acquisition will bring the fintech startup to the stock market.

Cointelegraph reported in October 2018, that German investors in Savedroid had lost between 40 and 92 percent of their investment.