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A French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering. If found guilty, the bank could be fined up to 5 billion euros or $5.8 billion. Its executives could […]
The post Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine Looms appeared first on Bitcoin News.
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A lot of people in Switzerland have left the traditional financial sector to work in the crypto space, in which the banking nation is now developing a niche market. The Swiss banks don’t show enthusiasm officially, but they massively have interests in dealing with Bitcoin, insiders say. Also read: Switzerland’s Main Stock Exchange Dives Deep Into […]
The post Many Swiss Bankers and Financial Regulators Quit to Join the Crypto Space appeared first on Bitcoin News.
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Volatility, scalability, regulation: UBS repeats familiar misgivings over Bitcoin
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Ajit Tripathi of ConsenSys, formerly of Wall Street, compares crypto to a misbehaving — but learning — teenager and regulators to his parents in an interview with CT
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On June 29, 2018, Bloomberg will host a half-day, invitation-only “The Future of Cryptocurrencies” event at Bloomberg’s offices in the heart of London, England. The event will focus on the future of cryptocurrencies, where subject-matter experts and leading industry players from the virtual currency market will discuss crypto’s regulatory future, the factors driving its volatility and potential trading strategies. More than 200 industry executives, including attendees from such global giants as UBS, Societe Generale and IBM to name a few, are expected to attend.
The post PR: Bloomberg Hosts “The Future of Cryptocurrencies” appeared first on Bitcoin News.
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The CEO of UBS said in an interview that blockchain will transform the cost base of the financial industry and is “almost a must”
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The chairman of Switzerland’s largest bank UBS warns against crypto, but sees potential opportunity in using blockchain tech
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Batavia, a blockchain trade finance platform, has successfully completed its first live corporate cross-border transaction. The platform is a joint venture between tech giant IBM and leading banks including Swiss bank UBS, European financial services firm Erste Group, the Spanish CaixaBank, German giant CommerzBank, and Bank of Montreal. This initial transaction saw the platform facilitate the exchange of cars from Germany to Spain and raw materials from Austria to Spain. A Watershed Moment The success of the pilot was an important milestone for Batavia and involved the facilitation of the full trade cycle. In a process that’s powered by smart contracts,Powered by WPeMatico