Posts in category

Switzerland


Switzerland’s principal stock exchange has announced it is developing a blockchain-based platform to tokenize traditional securities with further trading, settlement and custody services for these tokenized assets. In an announcement on Friday, SIX Swiss Exchange said it will build the new initiative – dubbed SIX Digital Exchange (SDX) – on a distributed ledger with its technical …

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Zug, a city in Switzerland known as the “Crypto Valley,” has successfully completed its first test of a local blockchain-based voting system. As CoinDesk reported on June 11, the Swiss city launched an e-voting pilot platform built on blockchain technology as part of the city’s efforts to embrace the technology. The voting process took place …

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The Swiss city of Zug, known for its proactive support of the blockchain industry, is launching a voting pilot that will base both polling system and residents’ IDs on blockchain technology. The e-voting pilot, which will take place between June 25 and July 1, has been developed as part of the city’s efforts to adopt …

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Crypto exchange Lykke has partnered with two former executives from IBM and UBS to launch a blockchain-focused accelerator and venture firm. The Zug, Switzerland-based Blockchain Valley Ventures (BVV) announced on Thursday that it will offer a variety of services to businesses endeavoring to use the blockchain – including capital investments, ICO and marketing support and …

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A member of the Swiss National Bank’s governing body said Thursday that central bank digital currencies (CBDC), if created, would pose risks to financial stability while offering few tangible benefits. Andrea Maechler, a member of the central bank’s three-person Governing Board, told an audience in Zurich that distributed ledger technology (DLT) – which she equated with …

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Enquiries around blockchain, cryptocurrency and initial coin offerings (ICOs) in Switzerland have increased significantly last year, according the country’s financial regulator. In its annual report for 2017, published Tuesday, the Swiss Financial Market Supervisory Authority (FINMA) said that, out of the 453 fintech enquiries it received last year, 60 percent of them (271 cases) were focused on blockchain, …

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Chinese tech giant Huawei plans to develop a smartphone that will support decentralized applications (DApp) running on Blockchain technology, reports Bloomberg March 21. According to an unconfirmed source acquired by Bloomberg, Huawei is seeking the license for the open-source operating system SIRIN OS, developed by Swiss Blockchain-oriented company SIRIN Lab. The world’s third largest handset …

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A group of financiers will create a “complimentary global currency” subject to random identity checks and pegged to fiat, Financial Times reports March 22. Discussing plans for Saga, which will feature a Swiss foundation and advice from various banking figures, chairman of JPMorgan Chase International and ex-governor of the Bank of Israel Jacob Frenkel said …

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The Swiss-based Credit Suisse and Dutch-based ING financial service groups have successfully completed the first live transaction of 25 mln euros (around $30 mln) in securities on R3’s Corda Blockchain platform, according to Credit Suisse’s March 1 press release. Credit Suisse and ING transferred the legal ownership of Dutch and German government securities using HQLAX …

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The amount of venture capital fundraising for Blockchain-based companies so far in 2018 has already reached more than 40 percent of last year’s total, according to a report released by Crunchbase News on Feb. 27. Crunchbase News determined the companies to include in their data analysis by making a list of all organizations already categorized …

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The chairman of Switzerland’s stock exchange SIX Romeo Lacher thinks there are “a lot of upsides” to releasing a crypto version of the Swiss franc. Speaking to the Financial Times Sunday, Feb. 25, Lacher said the organization would be “very supportive” of such an initiative, adding that he “doesn’t like cash.” “An e-franc under the …

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Cointelegraph proudly unveils the launch of its German version, CT Deutsch today, Feb. 23. Starting today, both the most important news from our main page as well as local updates from Germany, Austria and Switzerland will be available in German, making for convenient reading for our German-speaking visitors everywhere. With powerful regional crypto communities, fueled …

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In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please …

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The Swiss Financial Market Supervisory Authority (FINMA) published a set of guidelines yesterday, Feb. 16, for applying existing financial market legislation to the regulation of Initial Coin Offerings (ICO). FINMA CEO Mark Branson sees these guidelines as a way of helping Blockchain technology successfully enter Swiss markets, noting that Blockchain companies “cannot simply circumvent the …

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Switzerland’s finance regulator has published new guidelines that indicate it will treat some tokens sold during initial coin offerings as securities. In a press release published today, the Financial Market Supervisory Authority (FINMA) said there has been a sharp rise in the number of ICOs launching in Switzerland, resulting spike in inquiries about the regulations …

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No matter which sci-fi story we choose, let it be the galactic adventures of Star Trek or the dark side of Darth Vader in Star Wars, all of them include something humanity has always been dreaming of – controlling things with our mere thoughts. Nowadays with mind-controlled drones races and prosthetics limbs with fingers bending …

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Blockchain regulation in Germany will get a “comprehensive strategy” and “legal framework advocacy” from government in a new push for legitimacy, according to a press release published by Blockchain Bundesverband on Wednesday, Feb. 7. A report from a consultation involving lawmakers and the lobby group Blockchain Bundesverband highlights a positive future for the technology, with …

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A blockchain project based in Switzerland has raised $61 million from a group of investors that includes venture capital giant Andreessen Horowitz and token hedge fund Polychain Capital. Announcing the news this morning, DFINITY Stiftung said the funding would go toward development of its blockchain protocol, aimed to support a public decentralized cloud computing platform. …

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Sberbank, the largest state bank of Russia, is planning to launch a cryptocurrency exchange in its Swiss branch, Sberbank Switzerland AG, local media group RBC reported on Tuesday Jan. 30. The bank’s Head of Global Markets Andrey Shemetov told RBC that the Russian bank chose Switzerland for the exchange location because Russian authorities do not …

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Deutsche Bank’s Chief Investment Office head Markus Mueller has suggested that “governance” that will legitimize crypto investments could exist in “five to ten years.” Originally speaking in an interview with Bloomberg on Monday, Jan. 29, Mueller cautioned against current investment in cryptocurrency as only for those “who invest speculatively” while appealing for businesses in the …

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