News
One week after introducing the Address Ownership Proof Protocol, or AOPP, the hardware wallet company backtracked on its decision due to customer privacy concerns.
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Switzerland News
A popular but expensive vacation site, the European country of Switzerland boasts a mountainous landscape. Switzerland is home to the Alps, although the mountain range also spans several other European regions. Among Switzerland’s industries, finance stands out as a top sector. The country’s official languages include French, German, Italian and Romansh.
Life in Switzerland is expensive compared with a number of other countries, including the United States. The Swiss franc is Switzerland’s main currency. Switzerland is a country that is friendly to crypto and blockchain, and home to numerous industry companies and regulation that is sensitive to the sector. In Switzerland, cryptocurrency has become a focal point within the nation’s Zug canton, nicknamed “Crypto Valley.”
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"This does not mean the SNB is not interested in CBDC, but our focus is to look at the role that wholesale CBDCs could play," said Andréa Maechler.
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The Swiss National Bank integrated a wholesale CBDC into the banking systems of five commercial banks as part of the second phase of Project Helvetia.
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“We believe the price is going up. Our internal valuation models put the price per BTC right now of between 50,000 to 75,000,” says Guido Buehler, CEO of Seba Bank.
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Russian banks have been increasingly moving into the digital asset market despite the Bank of Russia's hostility toward crypto.
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“This funding will allow us to further develop our digital asset banking platform and strengthen our presence in global markets by attracting new talent,” says Guido Buehler, CEO of Seba Bank
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Sun Hung Kai reportedly became the biggest seller of new homes in Hong Kong in January 2022.
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Ferrari will be issuing exclusive digital content for its fans in collaboration with Swiss blockchain startup Velas.
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“Gold plays a major role in the capital markets. With a market cap of over $11 trillion, it offers investors a reliable hedge against inflation and a store of value irrespective of economic turbulence,” says SEBA Bank CEO Guido Buehler.
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Although the project was a success, the central banks warned that significant rulebooks, contingency procedures and monitoring capabilities were needed to ensure the success of a CBDC.
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The crypto venture is expected to formalize its operation by the end of 2021 and start offering its services by early 2022.
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Bitcoin Capital's offerings on SIX Swiss Exchange continue to grow along with the market as a whole.
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The crypto asset's market capitalization overtook the Russian ruble in February after a major announcement from car manufacturer Tesla.
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Successful or not, the vote will bring crypto education to people who are not yet Bitcoin-savvy, 2B4CH founder said.
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The Switzerland firm is an independent sister company of Arab Bank.
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