Bitcoin

Swiss Company Gets Green Light to Incorporate for a Blockchain IPO

In what’s being called a first for Switzerland, a company has been allowed to incorporate for an IPO offering of tokenized shares on a blockchain. In a press release Wednesday, the firm’s adviser Andriotto Financial Services said that Coldrerio, Switzerland-based Overfuture SA’s articles of incorporation directly reference “the digital nature of the shares (tokens) and […]

ICO

Swiss Banks Enter the Age of Bitcoin

DAVOS — Switzerland’s banking industry has long been known to privately safeguard wealth, so some bankers see bitcoin as a natural fit for the nation’s financial sector. Although such bankers may still be a minority, Zurich-based SEBA Bank AG opened in November 2019 with a universal banking license and a suite of services ranging from fiat […]

Crypto News

Libra Has ‘Failed’ in Its Current Form Says Swiss Finance Minister

Libra, the much-scrutinized proposed cryptocurrency from Facebook (NASDAQ:FB), has “failed in its current form,” according to Swiss President and Finance Minister Ueli Maurer. Swiss President Critical of Libra Basket Maurer, who is in the final days of his year-long term as President of the Swiss Confederation, was speaking to the country’s national TV network SRF […]

Bitcoin

Bitcoin Startup Takes to the Swiss Streets With Tram-Side BTC Marketing Effort

Footage posted by a Swiss crypto startup earlier today shows a tram emblazoned with the word “Bitcoin” and the firm’s branding travelling through the Zurich streets. The company behind the marketing campaign offers a range of crypto financial services including custody, trading, and lending. Such large scale public marketing efforts have been conducted previously by […]

Altcoins

Swiss Central Bank Dreads Scary Foreign Stablecoin Crypto

Switzerland’s central bank is running scared over its control on monetary policies in the face of stablecoins pegged to foreign currencies. | Source: Shutterstock; Edited by CCN Switzerland’s central bank is fretting over the possibility of stablecoins pegged to foreign currencies eroding its ability to use its monetary policy tools effectively, further complicating the path […]

Altcoins

Libra-Like Tokens Pose Risks to Swiss National Bank’s Monetary Policy

The Swiss National Bank (SNB) is afraid that digital currencies like Facebook’s Libra might impede the central bank’s capability to initiate and implement monetary policy. This is the conclusion of Thomas Jordan, chairman of SNB’s governing board. Libra Might Impair SNB’s Monetary Policy While the discussions around Libra tailed off, the SNB chairman found it […]

Bitcoin

Bitcoin Suisse Joins Crypto Companies Looking To Become Swiss Banks

Bitcoin Suisse, the Switzerland-based cryptocurrency broker, has taken the first steps to becoming a bonafide bank, the company has revealed. Bitcoin Suisse Applies For Banking, Securities License In a press release issued on July 16, Bitcoin Suisse, which already offers various crypto-focused financial services, also committed to using the Swiss regulatory system for its future […]

Crypto News

Treasury Secretary Won’t Let Crypto Become Next Swiss Bank Accounts

By CCN Markets: U.S. Treasury Secretary Steven Mnuchin said that the G7’s Financial Action Task Force (FATF) organization will never let crypto assets “become the equivalent of secret numbered accounts.” Mnuchin was addressing a plenary session of the G7 initiative aimed at combating money laundering and terrorism financing. The U.S. Treasury Secretary was referring to […]