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Switzerland’s Top Stock Exchange Lists XRP Exchange-Traded Product

Switzerland's No. 1 Stock Exchange Lists XRP Exchange Traded Product

Switzerland’s top stock exchange SIX today announced it would list a Ripple (XRP) exchange-traded product (ETP) as of 4 April. The cryptocurrency derivative development company Amun is behind the product dubbed AXRP and claims it to be the only one of its kind on the market. Both AXRP’s fund and trading currency will be USD. CEO and co-founder of the firm, Hany Rashwan, said …


Vietnam’s First Crypto Exchange Could Hit Legal Roadblock

Vietnam’s First Crypto Exchange Could Hit Legal Roadblock

Vietnam’s first ever cryptocurrency exchange may struggle to survive after tough words from the country’s State Securities Commission (SSC) warning off those considering cryptocurrency-related activities. Swiss-based blockchain company Kronn Ventures AG is committed to launching what will be Vietnam’s first official cryptocurrency platform after signing a memorandum of understanding with Linh Thanh Group, a Vietnam-based distribution company. An official from …


Swiss Federal Council Begins National Blockchain Framework Changes

The Swiss Federal Council has initiated a consultation period on the adaptation of federal law for blockchain developments. According to the state-issued press release, the consultation will be an opportunity to improve the framework for blockchain and other decentralized technologies in Switzerland. Specifically, it will look to increase legal certainty, restrict risks associated with misuse of the technologies and remove obstacles for blockchain-backed …


Basel Committee Warns Against Bitcoin Threat to Global Banking

Basel Committee Warns Against Bitcoin Threat to Global Banking

The Basel Committee on Banking Supervision (BCBS) has warned that the growth of cryptocurrencies presents a risk for banking institutions. The BCBS is a committee of banking supervisory authorities that was established by the central bank governors of the Group of Ten countries in 1974. It provides a forum for regular cooperation on banking supervisory matters. BCBS has its own governance …


Blockchain Could Be Set for $462 Billion Finance Industry Stake by 2030

Blockchain Could Be Set for $462 Billion Finance Industry Stake by 2030

London-based global information provider IHS Markit have estimated that the finance industry blockchain market is set to reach USD 462 billion by 2030. The value of blockchain in the financial sector reached USD 1.9 billion in 2017, according to IHS Markit’s figures but this total is set to swell significantly given the expected launch of numerous projects over the next …


Credit Suisse Successfully Tests Blockchain for Cross-Border Payments

Credit Suisse Successfully Tests Blockchain for Cross-Border Payments

Swiss multinational investment bank and financial service company Credit Suisse confirmed today that its asset management arm which manages over USD 400 billion has successfully tested a blockchain-based cross-border transaction, as reported by Reuters. According to the post, parties involved in the test — Portugal’s online bank Banco Best and Luxembourg-based order-routing platform Fundsquare — confirmed that a blockchain-based platform was used …


VC Investments Push Swiss Startups to $1.25 Billion Record

VC Investments Push Swiss Startups to $1.25 Billion Record (1)

This year’s Swiss Venture Capital Report has revealed that Swiss startups are increasingly attracting venture capital investment, with 2018 breaking all records. The latest report, released by news outlet Startupticker.ch and the Swiss Private Equity and Corporate Finance Association (SECA), points to cryptocurrency companies as being at the forefront of attracting VC investment with Swiss startups receiving almost CHF 1.24 …


Mixed Bitcoin Messages From Davos World Economic Forum

Bitcoin was the talk of the town in Switzerland last year when the world’s movers and shakers assembled at Davos for the 2018 World Economic Forum, but this year the cryptocurrency demands a far less prominent position at the table. The comparison is startlingly obvious. From getting a fair degree of attention a year ago at the 2018 Conference, albeit …


Swiss Point to Stablecoins as Next Crypto Innovation

Swiss Point to Stablecoins as Next Crypto Innovation

A computer scientist and economist who co-founded the Bitcoin Association Switzerland, Luzius Meisser, has spoken out about the direction of the cryptocurrency industry, pointing to stablecoins as the next big mover. Meisser, who is also on the board at brokerage firm Bitcoin Suisse AG, was speaking at the Crypto Finance Conference in St Moritz on 16 January when he said …


Swiss Bank Vontobel Launches Digital Asset Custody Vault

Swiss Private Bank Vontobel Launches Compliant Digital Asset Custody Vault Solution

Switzerland-based investment bank Vontobel announced today that it is launching a custody solution with a digital asset vault service for its customers. Per the announcement, this will allow financial intermediaries such as banks and asset managers to offer their customers a more secure and easy way to buy, hold and transfer their digital assets, within an unprecedented infrastructural standard. The …


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