Big Euro Changes for Crypto, Barclays Talks up ‘$3-19Bn’ Facebook Coin

Blockchain Cryptocurrency Facebook France Germany ICO
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Author
Tim Alper
Author Categories
About Author

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad DisclosureWe believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more

Politicians in Europe look increasingly likely to firm up cryptocurrency regulations.

Source: iStock/Oleksii Liskonih

In Germany, Antje Tillmann, the chief finance spokesperson for the largest political parties in the Bundestag, the CDU/CSU alliance, has called for a “legal framework” for the country’s cryptocurrency exchanges and initial coin offerings (ICOs) conducted in Germany.

Tillmann is part of the Bundestag’s policy-making Finance Committee, and her motion was backed by fellow CDU/CSU MP and committee member Matthias Hauer. Per an official CDU/CSU statement, the duo claimed that the proposed measures would help foster Germany’s cryptocurrency and blockchain sectors.

They lamented, “Even though Germany has produced many blockchain startups, we have seen an increasing outflow of promising companies to both European and non-European countries for some time now. Meanwhile, [German] ICOs are almost exclusively taking place overseas.”

Tillmann and Hauer’s statement concluded that “instead of accepting the status quo,” a new government blockchain policy “should provide an appropriate legal framework” for “cryptocurrency trading and digital tokens.”

However, across the border in France, the head of the Bundestag finance committee’s counterpart last week published an exhaustive report full of proposed cryptocurrency regulations that may come as a concern for the country’s crypto-community.

The document contains recommendations for ICO, crypto-tax, VAT and crypto-mining regulations. Of more concern to some crypto-enthusiasts is the committee’s proposed blanket ban on privacy-enabling coins – specifically calling out the likes of Monero, PIVX, DeepOnion and Zcash. (Meanwhile, in the US, a member of the Texas House of Representative has recently introduced a bill to ban the anonymous use of cryptocurrencies in the state.)

In other news, an analyst from UK bank Barclays has told clients that its “upside case” forecast for a potential Facebook Coin token could result in the social media giant raking in some USD 19 billion in additional revenue by 2021.

CNBC quotes Barclay’s Ross Sandler as saying that if reports of Facebook’s forthcoming cryptocurrency are indeed true, the company stands to make at least USD 3 billion from its venture within the same timeframe, and notes, “Merely establishing this revenue stream starts to change the story for Facebook shares in our view.”

You can read more about the potential implications of a Facebook token here.

Meanwhile, as reported, Telegram’s much-anticipated Gram cryptocurrency could be worth USD 29.5 billion by year’s end.

More Articles

Price Analysis
Will Trump’s Tariffs Boost Bitcoin: Down 5% Again
Arslan Butt
Arslan Butt
2025-02-08 14:39:24
Price Analysis
Solana Struggles: Price Down Almost 15% in a Week – Is It Time to Buy?
Arslan Butt
Arslan Butt
2025-02-08 13:22:54
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors