An unconfirmed report suggests Taurus will provide crypto custodial services to Spanish financial services giant Banco Santander.
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.
Artificial intelligence models that rely on human feedback to ensure their outputs are harmless and helpful may be universally vulnerable to so-called “poison” attacks.3268
Polygon has been a partner of the Swiss city since at least 2022, providing the infrastructure for its stablecoin.2885
SEBA 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 2023.5817
Bankman-Fried’s crimes each carry a maximum sentence of five to 20 years in prison.8735
The Swiss wCBDC pilot project will be hosted on SDX and use the infrastructure of Swiss Interbank Clearing.6832
Switzerland’s St.Galler Kantonalbank has launched Bitcoin and Ether trading for select customers and plans to add more coins in the future.21797
Consensys founder Joseph Lubin has been named in a new lawsuit filed in New York by over two dozen former Consensys employees.6291
Sygnum Singapore plans to expand its regulated offering to Asia-Pacific (APAC) markets, such as Hong Kong, a spokesperson told Cointelegraph.8948
Hypothekarbank Lenzburg, a regional Swiss bank with over $7 billion in assets, joins SDX’s central securities depository.6357
Adam Back, Paolo Ardoino and enthusiastic students from all over the world share insights on Bitcoin school as well as crypto adoption in Switzerland.6376
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 7.25.5429
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.2379
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.2652
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.7148