Switzerland News
Latest Switzerland News
Switzerland’s Financial Market Supervisory Authority has warned about the risks of money laundering associated with cryptocurrencies. In its 2024 Risk Monitor report, the regulator noted that cryptocurrencies, including stablecoins, are increasingly used for cyberattacks, payments for illegal dark web activities,…
With a focus on crypto’s long-term upside, Sygnum Bank finds institutional investors prioritizing exposure to web3 assets amid global economic uncertainty. High-net-worth investors are showing growing confidence in crypto’s long-term potential, driven by portfolio diversification needs and macroeconomic hedging. According…
Bitwise has launched the world’s first Aptos Staking exchange-traded product, offering staking rewards of approximately 4.7% net of fees. Aptos (APT) soared 20% to $12.9 on Tuesday, Nov. 12, after U.S.-based fund manager Bitwise announced plans to debut the world’s…
APT
Aptos
Despite the substantial growth of crypto prices in recent years, Switzerland remains wary of virtual currencies, said Swiss National Bank Chairman Martin Schlegel. The Swiss National Bank remains cautious about crypto as Chairman Martin Schlegel stressed on Thursday, Nov. 7,…
The Swiss city of Lugano has issued its third bond using blockchain technology. The bond is valued at $139 million and has dual listings on the digital exchange and traditional exchange. According to a Global Government Fintech report on Nov.…
BTC
Bitcoin
UBS has successfully piloted its blockchain-based payment system to enhance the efficiency of cross-border transactions. Multinational investment giant UBS has completed a pilot of its blockchain-based payment system dubbed “UBS Digital Cash,” aimed at improving the efficiency of cross-border transactions.…
A recent research report by Coincub and Blockpit highlights how varying tax policies, from zero taxes in the UAE to high rates in the U.S., shape crypto investment strategies. The crypto taxation landscape varies widely across the globe, as revealed…
Launching a token: From understanding how tokens are classified to ensuring proper KYC/AML compliance.
Singapore-based crypto financial services platform Matrixport has bought the asset management unit of Crypto Finance AG. On Sept. 30, Matrixport announced in a press release that they have completed an all-cash acquisition of the Switzerland-based Crypto Finance Asset Management, the…
The Swiss stock exchange is considering launching a crypto trading platform in Europe, aiming to attract traditional investors by leveraging Switzerland’s crypto-friendly laws. The Swiss stock exchange operator, SIX Group, is considering establishing a new platform in Europe for crypto…
Spanish multinational banking giant BBVA has started offering Circle’s USDC stablecoin for its high-profile clients via its Swiss arm. BBVA’s institutional and private banking clients in Switzerland can now manage Circle’s stablecoin USD Coin (USDC) alongside traditional investments on the…
BitGo has secured approval as a custodian under the SIX Exchange Regulation Crypto-Asset Rule, further expanding its presence in the European crypto market. The company can now provide regulated custodial services in compliance with Swiss financial regulations, per a company…
Zurich Cantonal Bank, Switzerland’s fourth-largest bank, has launched crypto trading and custody services, expanding its financial offerings. Zurich Cantonal Bank, Switzerland‘s fourth-largest bank, has officially entered the crypto market, offering its clients the ability to trade and store Bitcoin (BTC)…
NEAR Foundation has launched a new protocol designed to simplify the development of decentralized applications across multiple blockchains. The NEAR Foundation, a Switzerland-based non-profit organization, has announced the mainnet release of Chain Signatures, a new protocol designed to simplify the…
NEAR
NEAR Protocol
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…