The bank will concentrate efforts on building an institutional-grade facility to invest in crypto assets.
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Facebook-Backed Crypto Project Diem Moves to US, Unveils New Launch Plan
Facebook-backed cryptocurrency project Diem, formerly Libra, is moving from Switzerland to the U.S. In collaboration with Silvergate Bank, the association, which oversees the development of the diem cryptocurrency, has unveiled a new launch plan. Facebook-Backed Stablecoin Has New Launch Plan The Diem Association announced Wednesday a partnership between Diem Networks U.S. and Silvergate Capital Corporation […]Powered by WPeMatico
Swiss SEBA Bank Dives Into Defi Expanding Its Offering With 3 Tokens
Switzerland-based crypto bank SEBA is adding support for three defi tokens, bringing the number of cryptocurrencies available on its platform to a total of nine. SEBA clients are able to buy, store and trade with fiat any of these cryptos. SEBA Bank Supports the Coins of 3 Defi Protocols With the new tokens, SEBA Bank […]Powered by WPeMatico
Swiss Bank Sygnum Begins Storing Crypto With Taurus Group, Launches Staking Service
The Switzerland-based bank Sygnum has announced this week that the fintech firm is now storing digital assets with the company Taurus Group. On Friday, the bank also revealed that the FINMA-approved firm’s clientele can purchase and stake XTZ by leveraging the Tezos network. Earlier this year, news.Bitcoin.com reported on a number of Switzerland-based fintech services […]
The post Swiss Bank Sygnum Begins Storing Crypto With Taurus Group, Launches Staking Service appeared first on Bitcoin News.
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Stablecoin Cold Storage Backed by Satoshis – Simba is a New Way of Holding Assets in Switzerland
When it comes to Switzerland, first of all, people have associations with first-class chocolate, delicious cheese, the most precise watches, multi-purpose knives and, of course, a safe place to keep money. New Way of Holding Assets in Switzerland Since the dawn of time Switzerland has been a banking paradise attracting more and more people, who […]
The post Stablecoin Cold Storage Backed by Satoshis – Simba is a New Way of Holding Assets in Switzerland appeared first on Bitcoin News.
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FINMA Approves new AML Guidelines for Crypto Exchange Transactions
Switzerland has proven to be a prominent region for blockchain and cryptocurrencies. That situation may come to change soon, following some new AML guidelines. It is evident that authorities are concerned about cryptocurrencies. More AML Restrictions in Switzerland This is especially apparent when it comes to money laundering and tax evasion. FINMA, the Swiss Financial Market Supervisory Authority, has come up with new guidelines. They are primarily interested in transactions related to cryptocurrency exchanges. Any transfer above $1,020 will be subject to additional verification. Any transaction below this amount can be executed without any identity verification at all. This still
The post FINMA Approves new AML Guidelines for Crypto Exchange Transactions appeared first on The Merkle Hash.
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FINMA’s Mark Branson Praises Facebook’s Transparency Regarding Libra
The opinions on Facebook’s upcoming digital currency projects remain rather divided. Consumers are not necessarily smitten by this venture, nor are most governments. In Switzerland, however, things are done a bit differently. FINMA’s Mark Branson sees merit in this project and praises how everything is handled in a transparent manner. Mark Branson Likes the Libra It is somewhat refreshing to see a financial supervisory official make positive remarks regarding Facebook’s Libra. It is a well-known fact Switzerland and FINMA are all too keen on exploring innovative ventures. It is thanks to their efforts the country has its own Bitcoin region
The post FINMA’s Mark Branson Praises Facebook’s Transparency Regarding Libra appeared first on The Merkle Hash.
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European Countries Step Up Response to Facebook’s Libra
The European Central Bank (ECB) and a number of countries in the region have stepped up their efforts in response to Facebook’s Libra, which has revived a competing ECB project for instant payments. As Facebook engages Switzerland’s financial regulator, the ECB clarifies how Libra can be regulated under EU laws. Also read: India’s Popular ‘Who […]
The post European Countries Step Up Response to Facebook’s Libra appeared first on Bitcoin News.
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Switzerland Approves Bitcoin Banks – But With Strict Conditions Attached
One of the major problems for businesses in the cryptocurrency industry is finding a bank that agrees to work with them and connect them to the traditional fiat financial system. The financial regulator in Switzerland has just made this easier by licensing two companies to serve as tailored banks for the industry and further open […]
The post Switzerland Approves Bitcoin Banks – But With Strict Conditions Attached appeared first on Bitcoin News.
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PR: Liechtenstein Financial Market Authority Approves Tokenized Real Estate Investment Product
CROWDLITOKEN AG pioneers and starts distribution of a digital bond – European retail investors benefit as well
For the first time in Europe, the Liechtenstein Financial Market Authority (FMA) has approved the offering prospectus for a tokenised real estate investment product. CROWDLITOKEN AG is thus a pioneer for new financial innovations. The Security Token Offering (STO) is now running in European countries. By using blockchain technology, qualified and retail investors are enabled to invest in first-class real estate in Europe. Also the Swiss Financial Market Supervisory Authority (FINMA) has confirmed that no special regulatory approval is needed to market this new class of digital assets in Switzerland.
The post PR: Liechtenstein Financial Market Authority Approves Tokenized Real Estate Investment Product appeared first on Bitcoin News.
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