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Swiss Government Quashes ‘E-Franc,’ Says Current Risks Outweigh Benefits

News The government of cryptocurrency-friendly Switzerland has shot down the idea of issuing a digital Swiss franc, for now. According to a Dec. 13 press release published on the Federal Council’s website, the Federal Council approved a report exploring the opportunities and risks of issuing a dig..

Regulated Swiss Crypto Bank SEBA Expands Services to 9 New Countries

News Switzerland-based cryptocurrency bank SEBA has expanded its services to nine new countries. According to Finance Magnates on Dec. 12, SEBA revealed that accounts are now fully operational for institutional clients and accredited investors in Singapore, Hong Kong, the United Kingdom, Italy, Ge..

Blockchain Makes Money Laundering Risks Greater, Says Swiss Regulator

News The Swiss Financial Market Supervisory Authority (FINMA) warned the country that Switzerland is particularly prone to money laundering risks for reasons including the use of blockchain technology. In its first-ever yearly risk monitor report — published by FINMA on Dec. 10 — the regulator war..

Crypto Gains New EU Stronghold as Sweden Approves Swiss ETP Startup

News Swiss cryptocurrency financial firm Amun AG has gained permission to offer its products to retail clients in the European Union. In a press release issued on Dec. 10, Amun confirmed it had received approval for a base prospectus it filed with Sweden’s finance regulator, the Swedish Financial ..

Kraken Cryptocurrency Exchange Adds Support For the Swiss Franc

News San Francisco-based cryptocurrency exchange Kraken is adding support for its latest fiat asset, the Swiss franc (CHF). According to a blog post on Dec. 5, Kraken said that in collaboration with Liechtenstein-based Bank Frick, the Swiss franc will join the roster of fiat currencies that Kraken..

Swiss Stock Exchange SIX Lists Physically-Backed Bitcoin ETP

News Nasdaq-listed WisdomTree has launched a physically-backed Bitcoin exchange-traded product (ETP) to be listed on Switzerland's principal stock exchange, SIX Swiss Exchange. In a news release published on Dec. 3, the asset manager revealed that online Swiss bank Swissquote will serve as a ..

Swiss Executive Branch Calls for Improved Regulations for Blockchain

News The Federal Council of Switzerland — the country’s executive governing body — has called for a better regulatory framework for blockchain and distributed ledger technology (DLT) in the country. According to an official announcement released on Nov. 27, the Federal Council adopted a dispatch e..

Crypto News From the German-Speaking World: Nov. 17-23

Local News The past week has seen a range of crypto- and blockchain-related developments in the German-speaking world. The German Federal Ministry of Justice and Consumer Protection is planning to sponsor a research project of the University of Marburg on legal issues surrounding blockchain techno..

ShapeShift Cryptocurrency Exchange Launches FOX Token for New Trading Scheme

News Switzerland-based crypto exchange ShapeShift has launched zero-fee trading and its loyalty token FOX. ShapeShift founder and CEO Erik Voorhees announced the news on Twitter Nov. 20, noting that zero-commission trading on the platform is enabled by the newly released FOX token. According to th..

Deutsche Boerse, Swisscom Settle Securities with Corda and Hyperledger

News German securities marketplace Deutsche Boerse and Swiss state-run telecom Swisscom have settled securities transactions using different blockchain protocols. In a joint proof-of-concept (PoC) involving a number of banks, the participants exchanged money in the form of cash tokens against toke..

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