switzerland News and Articles

International fast food chain McDonald’s now allows customers to make payments in Bitcoin and the USDT stablecoin in Lugana, Switzerland. Crypto news provider Bitcoin magazine published a video on Twitter about how customers can use Bitcoin for payments. In March, Lugano signed a deal with Tether...

Lugano, a city in southern Switzerland’s Italian-speaking Ticino region is adopting tax payments with crypto. The city teamed up with the developer of USDT stablecoin, Tether Operations to manage transactions. Due to this step, citizens can pay yearly taxes and city services in Bitcoin, USDT and...

In terms of the program Jura, national banks of France and Switzerland, together with the BIS Innovation Hub implemented a test for wCBDC (wholesale central bank digital currency). The experiment was a part of the Banque of France series of CBDC tests, which started in March 2020. It leveraged a...

Swiss National Bank (SNB) has completed testing of the wholesale CBDC (wCBDC). Board member Thomas Moser said in an interview that the technical launch could take place in January 2022, subject to a political decision. If approved, the regulator will use the SIX Digital Exchange (SDX)....

On Sept. 29, Switzerland's regulatory Financial Market Supervisory Authority allowed the first Swiss crypto fund, investing essentially in digital assets. The issuer of the product named Crypto Market Index Fund is Crypto Finance, a Zurich-based firm providing crypto services such as asset managing...

The Swiss National Bank (SNB) does not consider it necessary to launch a digital currency. The chief economist of the Central Bank, Carlos Lenz, announced there is no need for a digital franc. The current financial system of the state works fine even without a token. In parallel, Lenz criticized...

The project behind the development of the digital currency, Diem, has withdrawn an application for a license as a payment system in Switzerland. This was reported by the local Financial Market Supervision Authority (FINMA). The Swiss regulator explained the withdrawal of the application by the fact...

Julius Baer, one of the five largest banks in Switzerland, increased its adjusted net income by 34% in the first half-year. One of the drivers for improving the situation could be the offer of services for the trade and custodian storage of digital assets. In January-June, the bank's net profit...

Former President of Switzerland and member of the Board of Directors of CV VC startup Johann Schneider-Ammann spoke about a unique approach to the laws that made Switzerland become the center of cryptocurrencies. CV VC - Crypto Valley Venture Capital is a startup that invests in cryptocurrency...

Representatives of the "Crypto Valley" of the Swiss Zug are negotiating with the authorities on the creation of a special fund of 100 million francs (about $102 million) to help startups affected by the crisis against the backdrop of coronavirus. It is reported by Bloomberg with reference...

The Swiss Financial Market Supervision Authority has announced new amendments aimed at combating money laundering. Now, when carrying out cryptocurrency transactions on the exchange for an amount of more than a thousand francs (about $1,024), it will be necessary to pass identification, according...

A young Swiss-regulated crypto bank Seba, which is carrying administrative licensing, plans to try a secondary funds raise to collect upper $95 million in extra reserves. Seba intends to obtain $96.5 million from new investors during the second round. After FINMA established the equipment to...

Switzerland officials stated that for launching its cryptocurrency Facebook is going to be demanded official permission with a granting license contingent on the perils of reserve management being carried wholly by the association and not by coin holders. Finma, the Swiss economic governor,...