News
Swiss National Bank President Martin Schlegel said Bitcoin is too volatile and lacks sufficient liquidity to be a reserve asset, as some in Switzerland have proposed.
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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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Polkadot Blockchain Academy will host a Web3 education course for policymakers in Switzerland, with UK lawmakers attending to gain insights into crypto regulation and blockchain adoption.
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Deutsche Bank-backed Taurus launched a Solana-based custody and tokenization platform that allows banks to issue and manage digital assets.
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Switzerland’s Crypto Valley reached $593 billion in valuation with 17 unicorns in 2024, capturing 29% of European blockchain funding and showing significant growth.
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PostFinance, which serves around 2.7 million customers across Switzerland, says it will allow people to stake starting from just 0.1 Ether.
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Fulgur Ventures, a cornerstone investor in the final close of Sygnum’s strategic growth round, is known for backing major industry platforms like Blockstream.
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The Swiss Bitcoiners must rack up 100,000 signatures from Switzerland’s 8.92 million residents by June 30, 2026, to trigger a public referendum.
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Bern’s Bitcoin Parliamentary Group is calling the commissioning of the report a victory, although the executive branch is opposed to it.
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Hong Kong’s move to exempt crypto gains from taxes targets hedge funds and family offices in a bid to boost its competitiveness.
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Valentina Picozzi, an Italian artist, and orthodontist, became a Bitcoiner in 2012 and has been an activist artist since.
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The World Economic Forum recommended using regulatory sandboxes to foster decentralized finance innovation while mitigating risks.
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Matrixport has completed its all-cash acquisition of Switzerland-based Crypto Finance Asset Management.
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Christian Angermayer claimed the United Kingdom’s latest tax proposal for non-doms would be a “huge mistake” and be “a bigger act of national self-harm than Brexit.”
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A state-of-the-art nuclear bunker in the Swiss Alps is being used to safeguard Bitcoin.
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Zurich Cantonal Bank will take on the function of securely storing the private keys for its customers, according to exec Alexandra Scriba.
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