Category: Switzerland
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Regulators Tackle Businesses in Europe’s Crypto-Friendly Nations
There’s a group of countries on the Old Continent that have recognized the potential of the newly forming cryptoconomy. In the past couple of years, nations such as Malta, Switzerland and Estonia have been making efforts to attract businesses from the nascent industry, often rebuffed elsewhere. However, registering and running a crypto company, even in…
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In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations
Mt. Gox rehabilitation trustee Nobuaki Kobayashi has reviewed the claims filed by the exchange’s creditors and we’ve included his announcement in The Daily. Also, Caspian launches crypto derivatives trading in partnership with Deribit, Facebook is looking to hire a blockchain lawyer, and Swiss lawmakers have tasked the federal government with adapting existing regulations to cryptocurrencies.…
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BCH Is Now Supported by a Large Crypto ATM Network in Switzerland
Cryptocurrency ATM operator Värdex Suisse has introduced BHC support to its devices. The company is a financially regulated entity that provides access to digital assets through its teller machines, POS services and partnerships with retailers in Switzerland and abroad. Also read: American Electronics Giant Avnet Now Accepts Bitcoin Cash Payments Bitcoin Cash Available on All…
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Why Switzerland’s Biggest Retailer Accepting Bitcoin is Crucial For Adoption
Digitec Galaxus AG, Switzerland’s biggest online retailer with nearly a billion dollars in annual revenue, has integrated various crypto assets including bitcoin as a payment option. The announcement, which was first reported by Watson, a major Swiss publication, was later confirmed by the Digitec team through its official blog. A roughly translated statement from Digitec…
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Switzerland’s Largest Online Retailer Starts Accepting 10 Cryptocurrencies
The largest Swiss online retailer, Digitec Galaxus, has started accepting crypto payments at its two stores. Customers can choose from 10 cryptocurrencies to pay with including BTC, BCH, BNB, ETH, TRX, OMG, and XRP. One of the stores specializes in consumer electronics while the other focuses on everyday needs. Also read: SEC Chair Explains Key…
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Swiss Stock Exchange Launches Trading for ETH ETP
Switzerland’s SIX stock exchange has announced the launch of an ETH exchanged-traded product. March 5 comprised the first trading day for the ETP, which is backed by Swiss company Amun AG. The launch comes one month after SIX announced its intention to launch a blockchain-powered exchange during the second half of this year. Also Read:…
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125-Year-Old Swiss Bank Julius Baer Enters Cryptocurrency Market
Julius Baer, the 125 year-old Swiss private bank, has announced a partnership with cryptocurrency banking startup Seba Crypto AG. The bank did not release details of the agreement, but stressed that it was responding to increasing demand from customers for the capability to store, trade and invest in crypto assets. Also read: Nasdaq’s New BTC…
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Big Banks Money Laundering: UBS Fined $4.2 Billion, Danske Shuts Down in 4 Countries
Money laundering scandals involving some of the world’s largest banks have grown this week. Switzerland’s largest bank, UBS, has been fined 3.7 billion euros (~$4.2 billion) for money laundering. Amid a $226 billion scandal, Estonian authorities have ordered Denmark’s largest bank to terminate its operations in the country. Danske Bank is also shutting down in…
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5 Crypto-Friendly Countries to Base Your Business
Choosing the best country to set up a business is vital in this digital age, and especially so for crypto companies. As governments around the world continue to learn more about cryptocurrencies and elect to either crack down on them or allow them to flourish, some jurisdictions emerge as being better than others for launching…
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Crypto Startups Push Swiss VC Investments to a Record $1.25B
Startups based in Switzerland have attracted a record amount of venture capital in 2018 and companies from the cryptocurrency industry have contributed to the notable increase. Zug, which is home to the country’s Crypto Valley, is among the cantons with the highest growth in investment volume, a new report reveals. Also read: Crypto Mining…