Switzerland News

Swiss regulator FINMA has published guidance on stablecoin issuers, urging them to verify the identity of all persons holding digital tokens pegged to fiat currencies. The Swiss Financial Market Supervisory Authority has published new guidance addressing the risks and challenges…

Swiss crypto bank Sygnum has recorded profits in the first half of 2024 after witnessing a surge in crypto trading volume. According to an announcement shared with crypto.news, the bank’s first-half spot crypto trading volume has doubled since 2023. This…

Swiss tech company Proton has presented a self-custody digital wallet with support for crypto transactions via email. Proton AG, a Swiss technology company known for its privacy-focused online services, has introduced an open-source self-custody digital wallet named Proton Wallet. This…

Data intelligence provider Nuant is rolling out a tool to monitor crypto portfolios, enabling users to follow and execute trading strategies in real-time. Crypto data intelligence provider Nuant has announced the launch of its new product, which enables investors to…

Duba-based digital bank Zand has signed a strategic partnership with Swiss crypto management platform Taurus to offer digital asset services. Swiss crypto management firm Taurus is now a “strategic partner” for Dubai-based digital bank Zand Bank as the financial lender…

DeFi Technologies’ subsidiary Valour has unveiled the first exchange-traded product for Core DAO, a Bitcoin scaling solution. Switzerland-based financial firm Valour has introduced its first exchange-traded product (ETP) for Core DAO (CORE), a Bitcoin-powered layer-1 solution integrating proof-of-work and delegated…

Switzerland-based crypto bank Sygnum has expanded its list of supported banks, adding PostFinance, ZugerKB, LuzernerKB, and VZ Depotbank among others. Sygnum, a crypto-friendly bank catering to institutional and professional investors, has achieved another milestone, with its list of supported clients…

British crypto custodian Zodia Custody has become the custodian provider for 21Shares for physically backed ETP products in Switzerland. Zodia Custody, a British crypto custodian backed by Standard Chartered and SBI Holdings, has been selected as the custodian provider for 21Shares’…

Switzerland-based blockchain startup Aleph Zero has launched a testnet for its ZK-privacy layer-2 solution zkOS capable of achieving “subsecond proving times.” Aleph Zero, a Swiss firm focused on developing privacy-first blockchain solutions, is launching the developer testnet for its Aleph…

The Swiss National Bank moves forward with its digital franc pilot, extending it by at least two more years. The Swiss National Bank (SNB) has decided to extend its pilot program for issuing a wholesale central bank digital currency (CBDC)…

Binance head Richard Teng says the exchange is in “close touch” with its customers regarding the bankruptcy of FlowBank, which stored the exchange’s clients trading collateral. Cryptocurrency exchange Binance seems unaffected by FlowBank‘s bankruptcy, following the Swiss regulator’s announcement on…

Swiss National Bank Chair Thomas Jordan says public central bank digital currency is unnecessary, suggests focusing on interbank trials. Switzerland is unlikely to introduce a public central bank digital currency (CBDC) in the near future, as risks associated with the…

Raided by a Swiss prosecutor, Tyr Capital Partners is facing accusations of criminal mismanagement due to its ties to FTX. The Switzerland-based crypto hedge fund, Tyr Capital Partners, came under scrutiny in August 2023 after investors raised concerns about its…

Switzerland-based crypto bank Sygnum AG has secured over $40 million in a funding round led by asset manager Azimut Holding. The Zurich-headquartered crypto-friendly bank Sygnum AG is set to double down on its acquisition plans and expansion, with the latest…

A former executive at Credit Suisse has rolled out a new crypto trading platform, targeting banks and securities firms only. David Riegelnig, who held several senior management positions at Credit Suisse until 2015, is now making a bet on cryptocurrencies…

BBVA Switzerland has migrated its crypto custody services to Ripple-owned infrastructure provider Metaco. Under the collaboration agreement, BBVA Switzerland will be using Metaco‘s Harmonize platform to connect between multiple blockchain networks, according to a press release published on Dec. 7,…