Crypto and Blockchain News From German-Speaking World: Oct. 20-26

The German-speaking world has seen an array of crypto and blockchain-related developments over the past week, with the Federal Ministry of Finance concluding that cryptocurrencies are hardly involved in money laundering and terrorist financing, Bitwala integrating a feature for automatically generating cryptocurrency tax reports, and the Graz startup Lab10 Collective developing a more energy-efficient blockchain.

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

Risk analysis by the Federal Ministry of Finance: Crypto is hardly involved in money laundering and terrorist financing.

According to the analysis, the use of crypto assets in such illicit financing is currently low.

There is more evidence that crypto assets play a role the fields of right-wing extremism and Islamism.

Crypto banking firm Bitwala began providing automatic tax reporting for cryptocurrencies.

The CryptoTax solution also makes it possible to create "Customized reports that can either be processed by a tax accountant or routed directly to the tax authority."

1000 times more energy-efficient than Ethereum: Austrian startup presents a climate-friendly blockchain.

The public prosecutor's office in Berlin initiated a search of the business premises of the insolvent crypto startup Envion CEO Matthias Woestmann and his lawyer.

Following the court ruling, the founders of the Swiss crypto startup in liquidation had announced that they would return the remaining cash to the participants of their initial coin offerings.