Switzerland

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Swissquote Reports 44% Increase in Profit After Adding Crypto Services

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Swiss online banking group, Swissquote, has benefited greatly from the addition of cryptocurrency investing to the set of services it offers, reporting a significant increase in its H1 2018 profits. The news comes while Switzerland is debating over how to keep crypto businesses in the country when the majority of Swiss banks refuse to provide … Read more

FINMA Launches Proceedings Against $100 Million ICO Envion AG

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Switzerland’s financial regulator, the Swiss Financial Market Supervisory Authority (FINMA), has announced that it has launched proceedings against initial coin offering (ICO) issuer, Envion AG. Also Read: Bolivar ‘Anchored’ to the Petro to Be Issued in August, Maduro Says FINMA Launches Proceeding Against $100 Million ICO A press release published by the Swiss Financial Market Supervisory … Read more

FINMA Seeks to Stem Exodus of Swiss Cryptocurrency Firms

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The Swiss Financial Market Supervisory Authority (FINMA) has met with representatives of the country’s banking sector in the hopes of stemming a nascent exodus among cryptocurrency companies from Switzerland. The companies’ departures have been attributed to two Swiss banks’ decisions to no longer provide financial services to businesses dealing with virtual currencies. Also Read: India Exchange … Read more

PR: trade.Io Appoints Banking Veteran David Hannigan to Run OTC Desk

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Wednesday Lugano, Switzerland – trade.io, a leading cryptocurrency exchange and innovator of the industry’s leading liquidity pool, today announced that David Hannigan has joined the company as its Chief Dealer. David brings almost 30 years of trading and risk management experience, most notably his position as Senior VP at National Australia Bank, to his new … Read more