Europe Crypto Roundup: TON Society Issues Open Letter to France, IOTA Finalizes EU Blockchain Project, and More

BeInCrypto’s comprehensive Europe Crypto Roundup covers the latest news and trends shaping the continent’s crypto landscape. With reporters across key markets like Germany, France, and the UK, we provide in-depth insights into evolving regulatory environment, adoption rates, major industry events, and market movements. 

This week’s roundup covers TON Society’s open letter to French authorities, Gate.io’s partnership with Inter Milan and other stories.

TON Society Calls on France to Release Telegram’s Pavel Durov

The Open Network (TON) Society, representing the TON community, has issued an open letter to French authorities. They urged the immediate release of Telegram co-founder Pavel Durov, who was arrested at Le Bourget Airport on August 24.

The letter condemned Durov’s imprisonment as a “direct assault on a basic human right” and a violation of free speech principles. TON Society called on international bodies like the Council of Europe and the European Union to intervene on Durov’s behalf.

“It must be noted that the European Court of Human Rights (ECHR) has unanimously upheld the decision in the CASE OF PODCHASOV v. RUSSIA that ‘measures for encryption contribute to ensuring the enjoyment of other fundamental rights, such as freedom of expression.,” the letter read.

TON Society Letter. Source: TON Society

Furthermore, the TON Society urges social media and tech companies to resist government censorship and information embargoes. It also stresses that Telegram’s content moderation complies with EU regulations, including the Digital Services Act.

In response to growing criticism from the crypto community and free speech activists, French President Emmanuel Macron stated that Durov’s arrest was not politically motivated, but this response has only fueled further backlash.

IOTA Completes Final Phase of Major EU Blockchain Project

IOTA has successfully completed the final phase of the European Blockchain Services Infrastructure (EBSI) project. This initiative, which began in 2020, was part of a broader effort to strengthen the EU’s digital infrastructure through blockchain technology. IOTA’s contributions focused on developing tools like digital product passports and intellectual property management systems, which are vital for the modernization of the EU’s digital services.

In 2021, the European Commission selected IOTA as one of seven successful projects from over 30 applicants to develop new blockchain solutions for the EU. Working alongside Chromaway and Billon, IOTA advanced to the third phase of the initiative. The company created a core solution that integrates its Tangle Distributed Ledger Technology (DLT) with open APIs and third-party platforms.

“The EBSI is a crucial element for building an integrated digital future for Europe, providing the essential framework for innovation and cooperation in a wide range of sectors. We are excited to contribute to this journey, bringing our cutting-edge solutions into the context of the EU’s digital infrastructure,” Dominik Schiener, president of the IOTA Foundation, stated.

Read more: What Is IOTA? How Does This Cryptocurrency Work?

Additionally, satellite systems were developed to connect other third-party platforms through IOTA-EBSI connectors, enhancing interoperability across various platforms. Now, with this phase completed, IOTA’s system is set to enter a pilot stage within the EBSI. This stage will test the functionality of the system in a sandbox environment, allowing EU authorities to refine the technology.

Zondacrypto Launches “Tales from Crypto” Campaign Featuring Polish Celebrities

Polish cryptocurrency exchange Zondacrypto has launched a new advertising campaign called “Tales from Crypto,” featuring celebrities like Wojciech Szczęsny, Borys Szyc, and Janusz Chabior. It aims to dispel myths about crypto and attract new users from Europe by showing the benefits of digital currencies.

Borys Szyc plays a modern investor, while Janusz Chabior portrays a “financial zombie,” symbolizing outdated financial thinking. The campaign airs on television, digital platforms, and in urban spaces, highlighting the importance of education and security.

Zonda crypto exchange, a leader in the Central and Eastern Europe (CEE) region, has been active since 2014 and has over 1.3 million users, primarily in Poland. The company seeks to break down barriers surrounding cryptocurrencies, offering educational resources like the Zondacrypto Academy, which provides free knowledge on safely investing in digital currencies.

The “Tales from Crypto” campaign marks Zondacrypto’s effort to further open up the Polish market by challenging stereotypes and promoting cryptocurrencies as a secure and accessible investment option.

Gate.io Announces Partnership with Inter Milan

Gate.io has partnered with FC Internazionale Milano, the Serie A champions, to become their Official Sleeve Partner starting in the 2024/25 season. The exchange’s logo will feature on the sleeves of Inter’s Men’s, Women’s, and U20 teams’ jerseys.

Both Gate.io and Inter Milan will focus on enhancing the fan experience by offering “innovative services and engagements” to Inter’s global fanbase, which boasts over 500 million followers across digital platforms. Fans can expect exclusive content, joint marketing campaigns, co-branded merchandise, and unique opportunities on and off the field.

“We are thrilled to partner with Inter, a club with a rich history and a passionate fan base. This partnership aligns with our commitment to innovation and community engagement. We are excited to bring new and exciting experiences to Inter fans around the world, and to explore the many synergies between the worlds of football and digital assets,” Gate.io founder & CEO Han Lin said.

Read more: Top 9 Safest Crypto Exchanges in 2024

The new branding will first appear during the Inter-Lecce match, with the sleeve sponsorship debuting at the Inter-Atalanta game.

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