News by results: Switzerland

Facebook’s Libra seeks payment system license from Swiss regulator

The Libra Association, the non-profit organization behind Facebook-led cryptocurrency project Libra, is looking to get a payment system license from Switzerland’s financial regulator.

In first, Swiss regulator issues banking license to two blockchain firms

Switzerland’s Financial Market Supervisory Authority (FINMA) has issued banking and securities dealers’ licenses to two new blockchain firms - SEBA Crypto and Sygnum.

Top 4 European Countries Ranked by Cryptocurrency Adoption

When it comes to determining the popularity of cryptocurrencies in Europe, it seems things are not looking all that great. For some reason, the continent has not seen much cryptocurrency-related activity, although things are not as dire as one might think.

The New CBECI Index Suggests That Bitcoin Consumes More Energy Than Switzerland

A recent study of Bitcoin in terms of energy efficiency showed that mining the first cryptocurrency consumes more electricity than the whole of Switzerland.

Think Tank Pushes for Creation of a National Cryptocurrency in Switzerland

Avenir Suisse, one of the most influential think tanks in Switzerland, released a report urging the Swiss National Bank (SNB) to start working on a national cryptocurrency.

Switzerland’s SIX Stock Exchange Is Working on a Swiss Franc Stablecoin

SIX, the Swiss national stock exchange group, is working on creating its own “stablecoin” – a cryptocurrency pegged to the Swiss franc – to facilitate transactions on the SIX Digital Exchange (SDX), CoinDesk has learned.

Facebook Registers Secretive ‘Libra’ Cryptocurrency Firm in Switzerland

According to a Reuters report, Facebook registered a new company, Libra Networks, in Geneva on May 2. This coincides with the slow roll-out of their internal cryptocurrency that will define the company’s first foray into blockchain technology.

Swiss Stock Exchange SIX Plans Blockchain Platform in H2

Switzerland’s top stock exchange, SIX, aims to roll out a blockchain platform to speed up trading later this year.

We’re not seeing many retailers accept cryptocurrencies: PayPal CEO

Dan Shulman, PayPal CEO, while speaking at the World Economic Forum in Davos, Switzerland stated that he’s not really sure whether merchants will adopt Bitcoin. According to him, there are a very few retailers that accept cryptocurrencies as payment.

Bitcoin ATM Producer Moves to Switzerland Due to Regulatory Difficulties

Bitcoin (BTC) automated teller machine (ATM) manufacturer Lamassu has moved to Switzerland due to regulatory difficulties in other countries, according to a blog post published Jan. 1.

Switzerland to Regulate Blockchain Within Existing Financial Laws

The government of Switzerland wants to accommodate the blockchain sector within its existing financial laws.

Court Orders Swiss Crypto Mining Firm Envion to Shut Down

Envion AG, a crypto-based firm that aimed to combine cryptocurrency mining with green power, has been shut down by the cantonal court of Zug, Switzerland.

Could Switzerland’s Crypto ETP Increase the Chance of a Bitcoin ETF Approval?

Last week, SIX Swiss Exchange, Switzerland’s principal stock exchange based in Zurich, approved the listing of a crypto exchange-traded product (ETP) with the ticker “HODL.”

Switzerland’s SIX Exchange, Amun To Launch Bitcoin, XRP, Ethereum ETP

The so-called “SIX Swiss Exchange,” Switzerland’s foremost equity market, has just revealed that it will be giving a green light to the crypto industry’s first exchange-traded product (ETP) that tracks multiple cryptocurrencies (XRP included), Financial Times reports on Saturday. The product, dubbed the “Amun Crypto ETP,” is backed by Amun, a London-based financial technology firm. Jane Street and Flow Traders, two market makers, have revealed that they have provided the seed funding for the ETP.

Swiss Finance Watchdog Tells Banks to Treat Crypto Trading As High Risk

Switzerland's Financial Market Supervisory Authority (FINMA) is giving tough guidance to banks wanting to trade in crypto assets.

Swiss Financial Association Publishes Anti-Money Laundering Standards for Digital Assets

The Switzerland-based Capital Markets and Technology Association (CMTA) has published new anti-money-laundering (AML) standards for digital assets and distributed ledger technologies (DLT) Oct. 18.

Crypto Fund wins first Swiss crypto asset management licence

The Swiss financial regulator has issued the country’s first cryptocurrency asset management licence, allowing Crypto Fund to offer services to institutional clients in the blockchain-based asset class.

Switzerland tries to stem blockchain exodus by improving access to banks

In an effort to maintain its status as a cryptocurrency hub, Switzerland has taken steps to help blockchain companies access the traditional financial system by making it easier for them to open corporate bank accounts.

From Malta to Prague: What Is the Most Crypto-Friendly Travel Destination?

Backed with continuing adoption, crypto holidays have become a reality. At this point, flights and hotels all around the world can be booked with Bitcoin (BTC). Still, some cities are more ready to accept your BTC — and major altcoins — than others, depending on the local infrastructure and crypto-related policies.

Swiss Stock Exchange Operator ‘Open’ to Cryptocurrency Trading on New Exchange

SIX, the operator and owner of Switzerland’s primary stock exchange, isn’t opposed to offering cryptocurrency trading on its new SIX Digital Exchange.