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US Lawmakers to Visit Switzerland to Discuss Crypto, Facebook’s Libra

News A delegation of the United States House of Representatives will visit Switzerland on cryptocurrency concerns, with Facebook’s not-yet-released stablecoin Libra being in the focus. As local weekly news outlet NZZ am Sonntag reported on Aug. 17, a six-member delegation from the House Financial ..

Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies

Record low and negative interest rates have put commercial banks in a difficult spot. Across Europe, they have been passing the burden to their clients. Some have introduced fees for those with large account balances, while others are punishing everybody equally. In any case, some bankers fear this ..

Swiss SIX Digital Exchange CEO Departs Due to ‘Strategic Differences’

News The CEO of Switzerland’s SIX Digital Exchange (SDX), the cryptocurrency-focused arm of the the country’s principal SIX Swiss Exchange, is departing the company, local news outlet SwissInfo reported on Aug. 14. CEO departs before SDX launchMartin Halblaub will step down after eight months int..

SEC Commissioner: US Could Draw Crypto Policy From These Countries

The U.S. Securities and Exchange Commission (SEC) could learn from other countries when finalizing its own crypto regulation, Commissioner Hester Peirce explains. While highlighting peculiar and notable features of the U.S. system, the commissioner emphasizes cross-border considerations, detailing a..

Crypto Industry Now Comprises 7% of Switzerland’s Largest SRO: Report

News Switzerland’s biggest cross-industry self-regulatory organization (SRO) has seen a spike of members from the cryptocurrency and blockchain industry. 88 members of Financial Services Standards Association have connection to cryptoThe Swiss Financial Services Standards Association (VQF), the ol..

Billionaire to Launch First Ever Cannabis-Pegged Stablecoin

Greek billionaire Alkiviades David has reportedly created the world’s first stablecoin pegged to the price of legal cannabis.Swissx Bank of Cannabis Issues SWX Stablecoin As a press release confirmed July 25, the so-called Swissx Bank of Cannabis (SBC), headquartered in the Swiss city of Gstaad, ..

Switzerland Data Privacy Agency Still Awaits Response From Libra Team

The Swiss Federal Data Protection and Information Commissioner (FDPIC) recently stated that it was yet to get a response from Facebook, regarding the company’s plan for its cryptocurrency, Libra. According to the FDPIC, more information was needed to determine its advisory and supervisory role in F..

Facebook and Swiss Regulators: A Continuing Saga

Recap Swiss privacy regulators have said that social media titan Facebook is lagging in its response to requests for more liaison. An unanswered letterAs Cointelegraph reported, a Reuters report published on July 23 revealed that the Swiss Federal Data Protection and Information Commissioner (FDPI..

Swiss Data Protection Regulator Seeks Details on Facebook’s Libra

News The Swiss data protection regulator is waiting for Facebook to provide it with particulars on data protection risks associated with the forthcoming Libra digital currency, Reuters reported on July 23. The Federal Data Protection and Information Commissioner (FDPIC) — the competent authority f..

Bitcoin Suisse Joins Crypto Companies Looking To Become Swiss Banks

Bitcoin Suisse, the Switzerland-based cryptocurrency broker, has taken the first steps to becoming a bonafide bank, the company has revealed.Bitcoin Suisse Applies For Banking, Securities License In a press release issued on July 16, Bitcoin Suisse, which already offers various crypto-focused fin..

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