Switzerland

Swiss Federal Council Continues to Monitor Stablecoins and Blockchain

The Swiss Federal Council is continuing to keep close tabs on global stablecoin projects and their possible opportunities and challenges. Switzerland is seen as very crypto-friendly In a press release on Oct. 16, the Swiss Federal Council stated that it was recently informed about “current opportunities and challenges associated with stablecoins” and that Switzerland will …

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Physically-Backed Binance Coin ETP Launches on Swiss Stock Exchange

Cryptocurrency exchange Binance has launched a dedicated exchange-traded product (ETP) for Binance Coin (BNB) on a Swiss Stock Exchange. Binance Coin goes after pro investors In a press release seen by Cointelegraph on Oct. 15, Binance confirmed the BNB ETP would trade on the SIX Exchange from Tuesday. The ETP comes via a partnership with …

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Libra Association Holds Inaugural Meeting, Forms Board

The Libra Association, the governing body of Facebook’s proposed stablecoin, held its inaugural meeting today in Geneva, Switzerland.  According to a report from Reuters on Oct. 14, the consortium reaffirmed their interest in creating a payments-oriented stablecoin that would be balanced by a basked of various, purportedly stable fiat currencies.  Libra Association sets rules for …

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Swiss National Bank to Research CBDCs at New BIS Innovation Hub Centre

The Swiss National Bank (SNB) and Bank for International Settlements (BIS) have signed an agreement to cooperate on the BIS Innovation Hub Centre in Switzerland. Two major projects According to an official press release on Oct. 8, the BIS’s first three innovation hubs will be established in Switzerland, Hong Kong and Singapore. The Swiss center …

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Liechtenstein Adopts Token Act to Attract Crypto Business

</header> <strong>One of Europe’s smallest but richest nations, Liechtenstein, has made a significant step towards clarifying the regulatory environment in its already crypto-friendly jurisdiction. The parliament of the German-speaking principality in the heart of Europe has just passed a law that is likely to entice even more crypto companies to its territory. </strong> Also read: …

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7 Crypto Exchange-Traded Products Now Live on Swiss Bourse

<header class=”article__header”> </header> <strong>Switzerland’s principal stock exchange now has seven cryptocurrency exchange-traded products (ETPs) listed. They allow investors to either gain exposure to individual cryptocurrencies or invest in portfolios of top cryptocurrencies. Four ETPs track the prices of single cryptocurrencies.</strong> Also read: New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals Crypto Index in …

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Swiss Regulator FINMA Won’t Impede Libra’s Development

As European watchdogs send troubling signals towards the Facebook-led Libra cryptocurrency, Switzerland remains willing to listen. According to a Reuters report on Tuesday, Mark Branson, CEO of the Swiss Financial Market Supervisory Authority (FINMA), said, “We are not here to make such projects impossible.” “We will respond to them with an open mind, with an attitude that …

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Swiss Digital Exchange Plans ‘Initial Digital Offering’ in 2020: Report

Swiss Digital Exchange (SDX), a digital asset trading platform by Switzerland’s principal SIX Swiss Exchange, will reportedly launch its initial digital offering (IDO) in 2020. SDX security token The not-yet-launched SDX has reportedly set up a global consortium of financial institutions to back its IDO in the middle of 2020, Coindesk reports on Sept. 30. …

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Crypto News From the German-Speaking World: Sept. 22–28 in Review

The German-speaking world has experienced another week full of exciting developments in the crypto industry, with a Berlin-based fintech startup receiving $1.5 million to develop its own blockchain, German experts warning about Facebook’s crypto coin, and the Federation of German Industries asking the government to create suitable conditions for blockchain. Here is the past week …

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Swiss Banks Team With Fintechs to Enter the Crypto Space

</header> <strong>Multiple joint projects between banks and crypto companies based in Switzerland now offer customers the opportunity to invest in digital assets and take advantage of banking services related to cryptocurrencies. It’s all happening in a regulated environment, generally friendly towards the growing crypto industry. The latest partnership between a traditional institution and a fintech …

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