Spar will launch crypto and stablecoin payments across 300 Swiss supermarkets via Binance Pay and DFX.swiss, marking a retail first for the country.
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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Switzerland’s fully open LLM merges transparency, sustainability and Web3 utility designed for research, DeFi and AI compliance.
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The iconic statue of pseudonymous Bitcoin creator Satoshi Nakamoto has become a textbook symbol of the global Bitcoin movement.
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The disappearing Satoshi statue, symbolizing Bitcoin’s anonymity, was stolen in Lugano. Organizers are offering 0.1 BTC to anyone who helps retrieve it.
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THG co-founder and CEO Stefan Deiss told Cointelegraph that the IDTrust allows users full control over their data, giving it an edge over competitors like Microsoft Entra.
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Peter Märkl, general counsel at Bitcoin Suisse, suggested that EU and Swiss stablecoin regulations could benefit from greater flexibility.
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Switzerland’s Federal Council expects to enforce the bill on the automatic exchange of crypto information with 74 countries by late 2026, with the first exchange seen in 2027.
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Amina Bank, the Swiss crypto bank formerly known as Seba, added $801 million in assets and saw a 40% surge in derivatives revenue amid its international push.
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Bitcoin Suisse received in-principle approval from the Abu Dhabi Global Market, marking its first expansion outside the European Union.
5901 - Market Analysis
Bitcoin sells off after nearly rallying to $106,000, but data suggests the correction will be short-lived.
6491 - Opinion
As Bitcoin’s value skyrockets, governments may turn to wealth taxes to tap into unrealized gains, raising questions about the future of crypto taxation.
3185 - Analysis
Switzerland is on the verge of dramatically increasing surveillance requirements for VPNs, social networks and messaging apps. Are crypto projects at risk?
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The Swiss National Bank rejected calls to add Bitcoin to its reserves, citing stability and security concerns, despite mounting pressure from the local crypto industry.
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Spar shoppers in Zug, Switzerland, can pay for their groceries in Bitcoin via the Lightning Network, as over 1,000 Swiss businesses have implemented Bitcoin payments.
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Taurus’s interbank digital asset network launches with participation from Arab Bank Switzerland, Capital Union Bank, Misyon Bank, Swissquote and others.
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