News 

German Bank Association: New Regulation for DLT-Based Securities May Be Necessary

“According to Bankenverband, corporate actions and securities trading may also be subject to change because of DLT-based securities” writes Adrian Zmudzinski for cointelegraph.com. The Association of German Private Banks (Bankenverband) foresees that a need for new regulation may arise from the emergence of distributed ledger technology (DLT)-based securities.Per the post, if securities are issued using new technologies, then there is a need for new safekeeping and settlements processes.As Cointelegraph recently reported, German regulators and lawmakers have thus far failed to create a workable legal framework that would provide legal certainty…

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Crypto News 

Launch a Crypto Exchange in 30 Days: German Firm Offers White-Label Products for Startups

“As a result, the company also offers marketing across a multitude of verticals” writes Connor Blenkinsop for cointelegraph.com. Among its suite of products is a crypto exchange that is available on the web and through mobile apps.The German company describes this platform as its masterpiece because it supports a range of major crypto and fiat currencies. Source: cointelegraph.com

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News 

U.S. warnings have prompted further talks on Huawei: German government spokeswoman

“BERLIN (Reuters) – The letter of the United States’s Ambassador to Germany warning Berlin against using Chinese manufacturer Huawei’s equipment to build a next-generation telephone network has stimulated further discussion, a German government spokeswoman said on Wednesday” writes Midwest Communications Inc for 95kqds.com. Government spokeswoman Ulrike Demmer told a regular news conference that Berlin wanted to ensure that its telecommunications infrastructure met the highest security standards.The U.S. has warned allies that Huawei’s equipment poses a security risk. Source: 95kqds.com

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Crypto News 

German Financial Regulator Issues Paper on Blockchain Securities Regulation

“The issuance of crypto tokens purportedly will not be subject to existing market regulations since crypto tokens do not represent securities, investment or other financial instruments according to the Securities Trading Act” writes Ana Alexandre for cointelegraph.com. The German Federal Ministry of Finance has published a key issues paper on the treatment and regulation of blockchain-based securities, according to a ministry announcement on March 8.However, initial coin offering (ICO) of crypto tokens is put up for discussion in the paper as investing in crypto tokens purportedly poses risks for investors.Recently,…

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News 

Tesla dropped fuel savings from Model 3 price after a German industry group said they were misleading

“FRANKFURT (Reuters) – Electric carmaker Tesla has committed to stop using fuel savings estimates to advertise its Model 3 online, a German industry association set up to prevent unfair competition practices said on Wednesday” writes Christoph Steitz for businessinsider.com. The Wettbewerbszentrale independent body, formed by German industry to ensure companies compete fairly, said the U.S. carmaker had been using random and non-transparent fuel savings estimates and that it must drop the practice by March 20.”Even if ‘savings’ could be realized, such an amount cannot be deducted from the purchase price…

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Tesla to drop fuel savings ad for Model 3: German industry association

“FRANKFURT (Reuters) – Electric carmaker Tesla has committed to stop using fuel savings estimates to advertise its Model 3 online, a German industry association set up to prevent unfair competition practices said on Wednesday” writes Midwest Communications Inc for 95kqds.com. The Wettbewerbszentrale independent body, formed by German industry to ensure companies compete fairly, said the U.S. carmaker had been using random and non-transparent fuel savings estimates and that it must drop the practice by March 20.Tesla had displayed the 56,380 euro ($63,811) original price for the Model 3 online as…

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Markets News 

CFO of one of Italy’s largest banks says better capitalized lenders should offset ‘doom loop’ fear

“The spread between German and Italian bonds is often viewed as a gauge of investor sentiment about strains in the eurozone” writes Mark Decambre for marketwatch.com. In a doom-loop scenario, a decline in the value of Italian bonds would erode the banks’ capital cushion, undercutting lending and slowing the economy.Investors tend to turn to German bonds as a haven during periods of heightened uncertainty in the eurozone because Germany’s economy is the largest in Europe.Italy’s high debt levels and the size of its economy — the third largest in the…

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News 

German court upholds Amazon bid to limit paid reviews

“Amazon’s community guidelines prohibit compensation for reviews, but the practice has still proliferated, prompting Amazon to seek to sue sellers who buy reviews” writes Midwest Communications Inc for 95kqds.com. Amazon brought a case against a provider that offers customer reviews to third-party sellers on the German site in return for compensation, usually a reduced price for the item tested. Source: 95kqds.com

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News Platforms 

Volkswagen signs e-vehicle startup as first partner for production platform

“The platform seeks the cost advantages of large production numbers by standardizing as much as possible even across very different models” writes Midwest Communications Inc for 95kqds.com. FRANKFURT (Reuters) – Volkswagen has signed German start-up e.GO Mobile as the first external partner for its modular platform for electric vehicles (EV), as it seeks to simplify production across a variety of models.The VW brand’s strategy chief Michael Jost said in a newspaper interview in January the group was in advanced talks with competitors over opening its modular EV production platform to…

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News 

German utility EnBW to expand trading, solar business: CFO

“FRANKFURT (Reuters) – German utility EnBW plans to expand further in energy trading and solar power to replace falling profit contributions from conventional energy sources, its chief financial officer Thomas Kusterer said in an interview published on Saturday” writes Midwest Communications Inc for 95kqds.com. “Therefore, solar energy next to wind energy is becoming more interesting to us.”. The company operates 100 megawatts (MW) of solar power and has built up a project development pipeline of 800 MW, he said.He also reiterated EnBW could exceed an earnings target of 2.4 billion…

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