Tagged: switzerland

The Top 5 Crypto and Blockchain Trends to Watch Out for in 2020

After the parabolic bull run of 2017, the last two years were pretty much a bearish phase. New lows were created, bounces and new projects were spread thinly apart.  As we look forward to 2020, expectations of another massive crypto rally, interesting projects and the… Read More

Switzerland based Fintech Incubator and Accelerator F10 Sets Up Shop in Singapore

Switzerland based Fintech Incubator & Accelerator F10 has set up a new office in Singapore to expand its reach in the world of Fintech. Singapore is a well established Fintec hub due to the exceptional support by the Singaporean government and financial regulators. F10 said… Read More

Swiss Crypto Valley Association Publishes Asset Tokenization Paper to Better Define Legal Framework

The Crypto Valley Association (CVA), a Switzerland based blockchain advocacy group, has published an “Asset Tokenization Paper” at the inaugural launch event for its Western Chapter today taking place at the EPFL Swiss Federal Institute of Technology in Lausanne. The CVA seeks to define the… Read More

Switzerland Acts to Improve DLT/Blockchain Ecosystem with Improved Legal Certainty, Crypto Valley Association Welcomes the Move

The Swiss Federal Council has moved to improved the legal certainty regarding the framework for the utilization of blockchain or distributed ledger technology (DLT).  During a meeting on November 27th, the Federal Council adopted language designed to mitigate risk while removing barriers for DLT utilization…. Read More

Switzerland-based Cornèrcard Partners with Gemalto and Visa to Launch Card Featuring Biometric Fingerprint Reader

Switzerland-based Cornèrcard has partnered with Gemalto and Visa in order to introduce the nation’s first credit card that features a biometric fingerprint reader. As noted on Cornèrcard’s official website: “With the exclusive Cornèrcard Biometric Gold Visa credit card you hold a … high-tech product in… Read More

Swisscom, Deutsche Börse Settle Securities Transactions via DLT

Digital Securities Swisscom, Deutsche Börse and three other partners have successfully settled a securities transaction using tokenized shares via distributed ledger technology (DLT). Three banking partners participated in the digital asset transaction; Falcon Private Bank, Vontobel and Zürcher Kantonalbank. According to Swisscom, the proof of… Read More

Switzerland’s Stock Exchange Operator SIX Group Makes All-Cash Offer for Bolsas y Mercados Espanoles, a Spanish Stock Exchange Operator

Zürich-based Swiss Infrastructure and Exchange (SIX) Group AG, the operator of Switzerland’s stock exchange, recently revealed that it has made an all-cash offer for Bolsas y Mercados Espanoles, a Spanish stock exchange operator. The deal would reportedly establish the third-largest financial market infrastructure group in… Read More

Business Process as a Service Firm Avaloq Finalizes Acquisition of Derivatives Partners, a Financial Data Provider

Switzerland-based Avaloq, a company that offers a standardized Business Process as a Service (BPaaS) or Software as a Service (SaaS) model to financial institutions and wealth management platforms, revealed recently that it has finalized its acquisition of Derivative Partners, which was first announced in July… Read More

The International Securities Services Association Publishes Paper on Crypto-Assets, Makes Recommendations Regarding Issuance & Trading

The International Securities Services Association (ISSA), a Switzerland based association that promotes best practices in the securities sector, has added their voice to the emerging digital asset or crypto-asset sector. This includes security tokens, payment tokens (cryptocurrencies, stablecoins etc.) and utility tokens. In October 2018,… Read More

SEC and CFTC Charge Swiss-Based First Global Credit for Selling Unregistered Swaps for Bitcoins; Website Domain Seized by FBI

A Switzerland-based securities dealer called XBT Corp/First Global Credit has been charged and fined by the American SEC and CFTC for, “selling unregistered security-based swaps to U.S. investors using bitcoins and for failing to transact its swaps on a registered national exchange.” The company’s website has… Read More

Swiss Regtech Firm Apiax Raises $6.6 Million in Series A Funding Round

Zürich-based Apiax, a Fintech firm that transforms complex regulatory requirements into digital compliance rules, has raised $6.6 million through a Series A investment round. Founded in 2017, Apiax is a Swiss Regtech firm that builds and provides tools to transpose written regulations into binary, machine-readable… Read More

Swiss Federal Council Receives Update on Stablecoins, Told Libra to be Classified as a Payment System

The Swiss Federal Council received an update yesterday regarding the topic of stablecoins and Facebook’s Libra specifically. According to a post on the Swiss government website, Switzerland will continue to actively monitor discussions on new digital technologies such as blockchain/DLT and the country is generally… Read More

Abandoning Ship: eBay, Visa, Mastercard and Stripe Exit Facebook’s Libra Association [u]

Following in the footsteps of PayPal, which walked away from the Libra Association last Friday, eBay and Stripe have now departed the alliance. In an update, Law360 has confirmed that Mastercard and Visa have exited the Libra Association as well. “We highly respect the vision… Read More

Three Existing Shareholders Add Capital to Bloomio in Advance of Series A

Swiss crowdfunding platform Bloomio has received a CHF 800,000 capital injection from three existing shareholders according to a company release. The blockchain-based marketplace called that added capital a big step forward as the company plans for a forthcoming Series A funding round. Capital invested to… Read More

BIS, “Central Bank of Central Banks,” Exploring Interbank Digital Asset Settlement and Central Bank Digital Currency at Switzerland Innovation Hub

The Bank for International Settlements (BIS), popularly known as the “central bank of central banks,” will be engaging in two projects at the BIS’s newly-established Innovation Hub in Switzerland, one of which involves, “examin(ing) the integration of digital central bank money into a distributed ledger technology… Read More

CBDC: Bank for International Settlements and Swiss National Bank to Research DLT and Central Bank Digital Money

The Bank for International Settlements (BIS) has teamed up with the Swiss National Bank (SNB) in order to work on a Switzerland-based innovation hub that will initially conduct research into central bank digital currencies (CBDCs) and distributed ledger technology (DLT). Financial services provider SIX is… Read More

Switzerland Fintech Startups Now Encouraged to Apply For Swiss FinTech Award 2020

Fintech

Switzerland’s Finanz und Wirtschaft Forum announced this week it is encouraging all Swiss fintech startups to sign up for the Swiss FinTech Awards. According to the organization, the purpose of the Swiss FinTech Awards is to promote Swiss connects innovators and to continue to the… Read More

Liechtenstein Passes Progressive Blockchain Act

Liechtenstein’s parliament has passed the Blockchain Act, “(a) new law (that) aims to strengthen the legal certainty for users and service providers…to further promote the positive development of the ‘token economy’ in Liechtenstein…(and) protect the reputation of the country,” according to lawyer Dr. Günther Dobrauz, The law was… Read More

Report: Prominent Libra Association Members Now Hesitant About Officially Endorsing Facebook’s Currency Project

Officials at Visa, Mastercard, PayPal, and Stripe are reportedly hesitating now about officially signing on as members of the Libra Association, a governance consortium assembled by Facebook to advise on its proposed private, in-app currency system, Libra. The 28 current members of the Libra Association are reportedly being asked… Read More

Libra Association Schedules Meeting in Switzerland. So What is on the Agenda?

It has been widely reported that the founding members of the Libra Association, Facebook’s stablecoin initiative, have scheduled a meeting to take place in Geneva, Switzerland on October 14th. As the crypto advocates gather, one has to wonder what is on the agenda. First reported… Read More

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