Tagged: switzerland

December 10, 2019 @ 10:48 pm By Alexey Ermakov  |  

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

December 8, 2019 @ 6:18 pm By JD Alois  |  

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

December 2, 2019 @ 4:50 pm By JD Alois  |  

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

November 29, 2019 @ 9:38 am By JD Alois  |  

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

November 21, 2019 @ 9:02 am By Omar Faridi  |  

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

November 20, 2019 @ 2:38 am By JD Alois  |  

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

November 19, 2019 @ 7:22 am By Omar Faridi  |  

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

November 17, 2019 @ 2:42 pm By Omar Faridi  |  

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

November 14, 2019 @ 4:43 pm By JD Alois  |  

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

November 1, 2019 @ 2:36 pm By Cali Haan  |  

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

October 20, 2019 @ 4:06 pm By Omar Faridi  |  

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

October 17, 2019 @ 12:15 pm By JD Alois  |  

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

October 11, 2019 @ 4:21 pm By Cali Haan  |  

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

October 11, 2019 @ 7:08 am By JD Alois  |  

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

October 11, 2019 @ 2:00 am By Cali Haan  |  

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

October 10, 2019 @ 3:56 am By Omar Faridi  |  

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

October 4, 2019 @ 1:36 pm By Samantha Hurst  |  

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

October 4, 2019 @ 2:00 am By Cali Haan  |  

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

October 3, 2019 @ 2:26 am By Cali Haan  |  

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

October 2, 2019 @ 10:27 am By JD Alois  |  

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