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Switzerland’s Largest Retailer ‘Migros’ Announced Its Blockchain Platform
30.8.2019
Cryptocurrencies have left a strong mark in the financial market as they continue to flourish in the plethora of domains which one can think of. Its scope and usage is not just limited to buying and selling in the crypto exchanges but has also become a prominent source of trading for anyone...
John McAfee Shifts to New Safe Location
29.8.2019
The hostilities between John McAfee and agencies of the United States of America are not a new thing to report. The founder of the McAfee antivirus figures prominently in the fugitive list of Central Intelligence Agency (CIA) and Internal Revenue Service (IRS) of the US. Change of Location:...
Crypto Salaries Gain Regulatory Recognition Around the World
29.8.2019
Salaries paid in decentralized digital coins have become a norm across the crypto industry, but there’s really no reason why cryptocurrencies can’t be used for remuneration by businesses in other sectors as well. In many jurisdictions that should be legal even in the absence...
Switzerland’s First Licensed Crypto Bank is Eyeing Singapore Next
28.8.2019
After sealing a license in Switzerland, crypto firm Sygnum is pursuing the same in Singapore
Switzerland Approves Bitcoin Banks – But With Strict Conditions Attached
27.8.2019
One of the major problems for businesses in the cryptocurrency industry is finding a bank that agrees to work with them and connect them to the traditional fiat financial system. The financial regulator in Switzerland has just made this easier by licensing two companies to serve as tailored banks...
Swiss Central Bank SNB Is in Close Contact With Facebook’s Libra
27.8.2019
Switzerland’s central bank SNB is in close contact with the relevant authorities over Facebook’s Libra crypto project, Reuters reports
Swiss Crypto Banks Receive Licenses From Financial Regulator
26.8.2019
Two Swiss banks have received a banking and securities dealer licence from the Financial Market Supervisory Authority
Swiss Regulator Licenses Two New Blockchain Companies As It Shores Up Legal Requirements
26.8.2019
Two Swiss startups received broker dealer licenses as FINMA hardens its AML requirements
Crypto Concerns Still Remain For the US Regulators Post Their Visit to Switzerland
26.8.2019
Even after the Switzerland visit, the concerns about Facebook’s ambitious and much-talked-about Libra crypto project remain unanswered for the United States regulators. According to the latest reports quoting the Representative Maxine Waters’ official statement on 25th August 2019, the United...
Swiss Regulator Releases AML, KYC Guidance for Blockchain Payments
26.8.2019
Switzerland’s financial regulator has released guidance on regulatory requirements for payments on the blockchain
PR: SMART VALOR Lists Bitcoin Cash & Offers Users 10% Cash Back in Crypto
26.8.2019
The first Swiss company to operate an integrated cryptocurrency exchange and custody, SMART VALOR, has added Bitcoin Cash to its range of listed tokens.Why does this matter and what’s in it for buyers?
The listing of Bitcoin Cash (BCH) on SMART VALOR matters, because it is the first fully...
Switzerland Meetings Didn’t Clear US Lawmaker’s Doubts on Facebook’s Libra
26.8.2019
A U.S. lawmaker said her concerns with Facebook's Libra crypto project remain after meeting regulators in Switzerland
Libra ‘Concerns Remain’ for US Lawmakers after Switzerland Talks
26.8.2019
Maxine Waters. Source: a video screenshot, YouTube, NBC News
The head of the United States House of Representatives’ Financial Services Committee says that it is still “concerned” by Facebook’s proposed Libra stablecoin despite extensive meetings with politicians and financial regulators...
After Switzerland Visit, Crypto Concerns Remain for US Regulators
26.8.2019
Following meetings about Libra with Swiss regulators, U.S. lawmakers still harbor concerns over Facebook’s proposed stablecoin
Swiss Private Bank Says 400 New Clients Demanding Crypto Products
22.8.2019
Swiss private bank Maerki Baumann is inundated with new clients interested in its crypto plans
US Lawmakers to Discuss Facebook Libra on Swiss Visit: Report
19.8.2019
Congresswoman Maxine Waters and other U.S. lawmakers will discuss Facebook's crypto project with the Swiss data privacy chief this week
Facebook’s Libra Token Back in Action, As Delegation from US to Visit Switzerland for Discussions
19.8.2019
Ever since it was unveiled on June 18, Libra has been in the headlines, mostly for controversial reasons. From the US Congress to the Senate, from the US to the UK, lawmakers everywhere had polarizing views about the token. While a few of them felt that this Libra could help curtail illegal...
Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies
17.8.2019
Record low and negative interest rates have put commercial banks in a difficult spot. Across Europe, they have been passing the burden to their clients. Some have introduced fees for those with large account balances, while others are punishing everybody equally. In any case, some bankers fear this...
Coinbase Custody Acquires Xapo, Sees $7 Billion Growth
16.8.2019
Today, Coinbase Custody has announced that it has completed the acquisition of Xapo’s institutional businesses. Coinbase Custody has acquired 55 Million U.S. Dollars, Xapo’s institutional business. The platform was in stiff competition with major investment company- Fidelity, who was also...
Electricity Theft for Bitcoin Mining Imposes Loss of $25 Million in Malaysia
16.8.2019
Bitcoin Mining is a power-intensive activity, and it consumes a lot of electricity. A report by Cambridge last month showed that Bitcoin consumes more electricity than the entire country of Switzerland. While the cost involved is huge, it can be devastating to electricity manufacturers...