Adam Back, Paolo Ardoino and enthusiastic students from all over the world share insights on Bitcoin school as well as crypto adoption in Switzerland.
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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While Hong Kong grabbed the top spot with a crypto readiness score of 8.36, the United States fell down a spot to third place after recording a fall of 6.5% in its CRS score — from 7.7 in 2022 to 7.25.
4946 - Analysis
Switzerland, Singapore and the EU have taken the early regulatory lead, but Japan and the UAE are coming on now. Even the U.S. may be awakening.
2265 - Follow up
The Financial Stability Board starts from the definition of “global stablecoin”, which serves as a means of payment and storage and has the potential for adoption across multiple jurisdictions.
2552 - Interview
Pietro Poretti, the city of Lugano’s director of the economic development division, said that the goal is to allow people to live in the city using only Bitcoin.
6976 - News
Switzerland continues to drive Bitcoin adoption despite a well-developed traditional financial infrastructure.
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A Bitcoin-themed van promoting adoption around Europe has seen its fair share of drama, including a midnight stop and search by law enforcement agencies.
3325 - News
Project Mariana uses an automated market maker to reduce settlement risk and to create a liquidity pool in place of order books.
7162 - News
Thomas Jordan, head of the Swiss National Bank, announced the project at a conference in Zurich; the central bank still feels “prudent” about a retail CBDC, though.
7484 - News
The United State crypto ecosystem is facing a “void” of well-established and credible institutions, according to an analyst from ARK Invest.
4495 - Follow up
While many countries have sped up their efforts to regulate cryptocurrencies following a crisis-filled 2022, most still lack a clear framework for the industry to build around.
4880 - News
PostFinance’s parent firm Swiss Post is known for its pro-crypto stance, working on its own crypto custody services and issuing crypto stamp collectibles.
5266 - News
FTX EU was only approved by the Cyprus regulator in March 2022, about seven months before FTX collapsed in November.
16946 - Follow up
Many in Switzerland have said that UBS’ takeover of Credit Suisse was necessary to avoid a calamitous banking crisis like that seen in 2008.
5051 - News
The Swiss crypto bank, however, would stick to its policy of not onboarding United States clients as it focuses on its core target market.
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