Switzerland

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More Banks Sanctioned for AML, Fraud-Related Violations

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When societies discuss cryptocurrencies, the argument that the decentralized and unregulated nature of the crypto space leaves the door open to abuse, like money laundering and financial fraud, is often put forward by officials and authorities. However, a string of cases involving precisely these sins, and many, many banks, show that regulations are largely ineffective … Read more

Tired of Bank Bailouts and Hyperinflation? Bitcoin Offers Something Different

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People often wonder why a cryptocurrency with a limited supply like bitcoin has been gaining traction over the years. Since the 2008 financial crisis, the world’s central banks have printed around $12-30 trillion worth of promissory notes, and more than $10 trillion in negative-yielding global bonds. However instead of the newly printed money helping global … Read more

The Daily: Revolut to Launch in North America, US Startup Presents Telegram Alternative

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Digital bank Revolut is planning to expand its operations in America and Russia. Also, payment card provider Fuzex signs an agreement with Dash, a US-based startup offers an alternative to Telegram, and crypto firm Smart Valor receives approval as a financial operator in Switzerland. Also read: Robinhood Aiming for IPO, Dodgers to Give Away Crypto … Read more

43 Women Nominated for the Board of the Swiss Crypto Valley Association

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The Crypto Valley Association in Switzerland has decided to elect two female board members to diversify its male-dominated leadership. The vote scheduled for September 20 has attracted an unexpected number of nominations – 43. The women will fill similar roles to those of the current members, including co-chairing working groups and interacting with authorities and … Read more