Austrian Government Backs New Blockchain Research Institute
The Austrian government is throwing its weight behind a new blockchain research effort aimed at developing business applications of the technology.
Founded in 1881, the A1 mobile network is looking to add dash, ethereum, litecoin, stellar, and ripple as payment options.
The Austrian government is planning to use the ethereum blockchain to notarize the auction of a bond worth around $1.3 billion.
Austria's economic affairs ministry awarded a $67,600 grant to a project called QualiSig, which uses the Ardor blockchain to verify COVID-19 testing.
Austria is drawing up cryptocurrency regulations, using as a model existing rules for the trading of gold and derivatives.
Austrian authorities are pursuing suspects across Europe in an alleged bitcoin scam that led to millions of dollars in losses for investors.