This DeFi initiative ensures full compliance with Swiss finance regulations to increase user safety and market confidence.
Switzerland News
Switzerland is a European country that is home to the Swiss Alps and is a popular vacation destination. Among Switzerland’s industries, finance is a top sector. The country’s official languages include French, German, Italian and Romansh.
Switzerland is known for its comparatively high cost of living. The Swiss franc is Switzerland’s main currency. Switzerland has a generally pro-crypto and blockchain regulatory approach to the industry and is home to numerous crypto companies. The nation is home to “Crypto Valley,” a moniker given to the city of Zug, which is home to many crypto companies.
In Switzerland, cryptocurrencies are regulated under the Swiss Anti-Money Laundering Act. The Financial Market Supervisory Authority (FINMA) oversees cryptocurrency activities, including initial coin offerings (ICOs) and crypto exchanges. However, Swiss regulators prioritize a principle-based approach, focusing on the functionality and purpose of digital assets rather than imposing strict, one-size-fits-all regulations.
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The blockchain, crypto and finance industries gathered at Davos, Switzerland, in January to talk about the future of Web3.
19504Bitcoin, CBDCs and stablecoins could coexist in Lugano, as they can potentially serve different purposes for users, the city’s chief financial officer believes.
2619Switzerland and Germany were hit hardest during the most recent trading week, but Canadian ETFs had the largest outflows in January, CoinShares’ data shows.
4929The largest of them all, the Ethereum Foundation, is headquartered in Zug, Switzerland.
3066Storm Partners should help the DAO to “face the many challenges its decentralized nature poses.”
1715Harmonize will allow the bank to connect to blockchains beyond Bitcoin and Ethereum, which suggests the potential expansion of BBVA’s crypto services.
5669The Swiss city of Lugano officially announced that it has started accepting BTC and USDT as payment for taxes and all other community fees.
14471Seba’s new name, Amina, stems from “transamination,” meaning transference of one compound to another, symbolizing bringing different types of banking together.
4631An unconfirmed report suggests Taurus will provide crypto custodial services to Spanish financial services giant Banco Santander.
2146Artificial intelligence models that rely on human feedback to ensure their outputs are harmless and helpful may be universally vulnerable to so-called “poison” attacks.
4052Polygon has been a partner of the Swiss city since at least 2022, providing the infrastructure for its stablecoin.
3243SEBA Bank began its quest for Hong Kong expansion in late 2022, setting up an office in November, with the firm obtaining an in-principle approval to offer virtual asset trading services by August 2023.
6137Bankman-Fried’s crimes each carry a maximum sentence of five to 20 years in prison.
9871The Swiss wCBDC pilot project will be hosted on SDX and use the infrastructure of Swiss Interbank Clearing.
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