European countries start to put their bets on Cryptocurrency

Another European country has charted a course toward “blockchainization”. The Austrian authorities have decided to use Ethereum-based distributed ledger technology to issue €1.15 billion in state bonds. It remains to be seen what further steps the country’s authorities take with respect to the crypto industry, but in this case I am optimistic. The conservative party recently came to power in Austria. It’s headed by one of the youngest leaders in Europe, 32-year old Chancellor Sebastian Kurz, and the discourse concerning blockchain and crypto technologies has become considerably more friendly. Perhaps the local politicians recognize the need to get a head start on blockchain solutions, to avoid missing the boat in a world where new technologies are playing an ever more important and defining role. It is nice to see such a positive attitude to crypto technologies and to reflect that in Europe, which is so important in the global economic system, more and more countries are starting to place their bets on the crypto industry and blockchain technology.