カテゴリー: swiss

Regulations Roundup: Industry Leaders Want Clarity, Alliance Capitals Earns FINMA Warning

Regulations Roundup: Industry Leaders Want Clarity, Alliance Capitals Earns FINMA WarningIn recent news pertaining to cryptocurrency regulations, industry leaders have urged U.S. lawmakers to provide regulatory clarity or risk a crypto firm exodus, a Greek representative to the European Parliament has advocated for a lightweight cryptocurrency apparatus to avoid stifling innovation across the distributed ledger technologies industries, and the Swiss Financial Market Supervisory Authority has […]

The post Regulations Roundup: Industry Leaders Want Clarity, Alliance Capitals Earns FINMA Warning appeared first on Bitcoin News.

New Stablecoins: From Cryptopound and Metal-Backed Swiss Coin to Mongolian ‘Candy’

New Stablecoins: From Cryptopound and Metal-Backed Swiss Coin to Mongolian ‘Candy’Following some notable premiers in the genre recently, the next batch of stablecoins is on the way. A British startup is partnering with a bank to launch a GBP-pegged crypto, a Swiss commodities trader wants to mint a coin backed by metals, and a Mongolian telecom has been licensed to issue the country’s first digital […]

The post New Stablecoins: From Cryptopound and Metal-Backed Swiss Coin to Mongolian ‘Candy’ appeared first on Bitcoin News.

Swiss Bankers Association Acts to Prevent Crypto Firm Exodus

Swiss Bankers Association Acts to Prevent Crypto Firm ExodusThe Swiss Bankers Association (SBA) has released a set of guidelines intended to bolster the availability of financial services to cryptocurrency companies. They are in response to the stubbornness of many banks to provide financial services to crypto-related businesses. Also Read: Markets Update: Despite Negative Headlines – Crypto-Prices Continue to Rise Swiss Bankers Association Publishes Guidelines Intended to […]

The post Swiss Bankers Association Acts to Prevent Crypto Firm Exodus appeared first on Bitcoin News.

More Banks Sanctioned for AML, Fraud-Related Violations

More Banks Sanctioned for AML, Fraud-Related ViolationsWhen 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 […]

The post More Banks Sanctioned for AML, Fraud-Related Violations appeared first on Bitcoin News.

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

The Daily: Revolut to Launch in North America, US Startup Presents Telegram AlternativeDigital 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 […]

The post The Daily: Revolut to Launch in North America, US Startup Presents Telegram Alternative appeared first on Bitcoin News.

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

Swiss Crypto Valley Association to Elect Two Women to Its BoardThe 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 […]

The post 43 Women Nominated for the Board of the Swiss Crypto Valley Association appeared first on Bitcoin News.

Swissquote Reports 44% Increase in Profit After Adding Cryptocurrency Services

Swissquote Reports 44% Increase in Profit After Adding Crypto ServicesSwiss 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 […]

The post Swissquote Reports 44% Increase in Profit After Adding Cryptocurrency Services appeared first on Bitcoin News.

FINMA Launches Proceedings Against $100 Million ICO Envion AG

FINMA Launches Proceedings Against $100 Million ICO Envion AGSwitzerland’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 […]

The post FINMA Launches Proceedings Against $100 Million ICO Envion AG appeared first on Bitcoin News.

FINMA Launches Proceedings Against $100 Million ICO Envion AG

FINMA Launches Proceedings Against $100 Million ICO Envion AGSwitzerland’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 […]

The post FINMA Launches Proceedings Against $100 Million ICO Envion AG appeared first on Bitcoin News.

FINMA Seeks to Stem Exodus of Swiss Cryptocurrency Firms

FINMA Seeks to Stem Exodus of Swiss Cryptocurrency FirmsThe 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 […]

The post FINMA Seeks to Stem Exodus of Swiss Cryptocurrency Firms appeared first on Bitcoin News.