2020-7-1 11:00 |
The Swiss government is making key legislative changes to financial laws to improve legal conditions for blockchain businesses. origin »
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The Swiss government reportedly rejects the $103 million bailout plea crypto companies sought to alleviate the severe impact of COVID-19. Businesses in Switzerland’s “Crypto Valley” have failed to secure loans worth 100 million Swiss francs (about $103 million), according to local news published Wednesday.
2020-5-29 17:18 | |
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Switzerland’s own crypto valley located in the Canton of Zug known for its business-oriented regulations is struggling to keep businesses afloat. Its request of 100 million francs, which is around $103 million USD, as a COVID-19 relief package has been rejected by the Swiss government.
2020-5-27 20:25 | |
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Online and in-store businesses in Switzerland are soon going to receive cryptocurrency payments, as the Bitcoin Suisse operating crypto financials has partnered with the payment company Worldline. The announcement has been made on Friday, and it says that the two financial players will leverage the SIX Payment Services infrastructure.
2019-11-9 22:34 | |
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Bahnhofstrasse – Lite. IM, a Swiss based non-custodial wallet has launched crypto backed financial hub. It allows users to receive payments in cryptocurrency without providing KYC (Know Your Customer) information in Europe, thanks to the collaboration with Swiss Based Bity.
2019-11-8 15:13 | |
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By CCN Markets: Blockchain projects around the world have been seeking approval, or for that matter, concrete guidance, from regulators such as FINMA for the last several years. FINMA, the Swiss financial regulatory watchdog, has approved two requests for banking licenses.
2019-8-27 22:30 | |
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As crypto businesses have started to make the move into crypto-friendly geographies to avoid risk of shutting down, Switzerland made headlines on the other side of this spectrum by announcing banking licenses to two cryptocurrency-focused banks.
2019-8-26 16:30 | |
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The crypto industry is certainly growing a lot in Switzerland right now. Do you want a big proof of this? The Swiss Financial Services Standards Association, known also as VQF, currently has 7% of its members being members of the blockchain market.
2019-8-3 02:48 | |
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While the government of crypto-friendly Switzerland have since put in place amenable regulations to govern the region’s blockchain and digital assets ecosystem, traditional financial institutions in the country remain reluctant to service cryptocurrency-related startups.
2019-6-27 21:00 | |
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Eman Pulis, the organizer of the Malta Blockchain Summit, has stated that while blockchain, cryptocurrency and artificial intelligence (AI)-related businesses are still finding it hard to secure banking services in the nation, Estonia and Swiss are fast attracting these firms, according to a Times of Malta report on May 12, 2019.
2019-5-14 09:00 | |
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Avnet has become the latest major enterprise to begin accepting payment in bitcoin and other cryptocurrency. On March 19, 2019, the company announced that it will allow customers to pay for goods and services using bitcoin and bitcoin cash.
2019-3-20 19:08 | |
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It was like navigating traffic in an electric-powered egg on wheels. The canton of Schaffhausen is just 30 minutes away from the Swiss capital of Zurich, but the municipality of 81,000 residents is home to less than one percent of the country’s population.
2019-2-18 20:45 | |
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Back in 2017, the Aragon Association, a Swiss non-profit, launched Aragon, an Ethereum-based distributed ledger technology (DLT) project that claims to make it easier for users to build and manage decentralized organizations.
2019-2-13 21:00 | |
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Right now, most of the crypto industry around the world is suffering through a “crypto winter,” which is a term to explain how so many coins and progress have been metaphorically frozen in place. However, it does not look like the Swiss Crypto Valley has had the same misfortune. Instead, they have managed to see […]
2019-1-28 17:43 | |
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Switzerland‘s state-run postal and telecoms services are hellbent on building a national blockchain in a bid to recruit local businesses to convert to distributed ledger technology (DLT). Swiss Post and Swisscom have shared details of joint-venture to build a completely private Swiss blockchain for launching locally operated “decentralized” applications.
2018-12-6 14:11 | |
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The “crypto-nation” continues to support the development of FinTech businesses by instituting "relaxed" license requirements.
2018-12-5 22:50 | |
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Switzerland’s financial watchdog, the Swiss Financial Market Supervisory Authority (FINMA), unveiled a new set of guidelines on December 3, 2018, to propel the development of the local blockchain and cryptocurrency industry.
2018-12-4 18:00 | |
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Switzerland’s financial watchdog, the Swiss Financial Market Supervisory Authority (FINMA), unveiled a new set of guidelines on December 3, 2018, to propel the development of the local blockchain and cryptocurrency industry.
2018-12-5 18:00 | |
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The Swiss financial watchdog has published the guidelines for the FinTech license which allows companies to receive public deposits of up to 100 million Swiss Francs. The revised Banking Act, designed to promote innovation, has also opened doors to crowd-lending businesses within the regulatory sandbox.
2018-12-4 12:00 | |
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Switzerland’s blockchain-related businesses are one step closer to legitimacy. Local cryptocurrency startups can now apply for a new license that would allow them to handle deposits of up to $100 million, a right normally reserved for banks.
2018-12-3 18:04 | |
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A Swiss cryptocurrency startup has raised over $103 million from private investors to build a crypto bank, reported Reuters on Sept. 27. Providing Banking to Crypto The parent company, SEBA Crypto AG, aims to provide financial services to cryptocurrency businesses across the globe, circumventing the problematic legislation and internal policies that most crypto-firms face while […] The post Swiss Startup Raises $103 Million to Build Cryptocurrency-Focused Bank appeared first on CryptoSlate.
2018-9-28 00:30 | |
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The 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.
2018-9-24 22:25 | |
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Switzerland is offering a leg up to fledgling blockchain businesses in an attempt to affirms itself as a global cryptocurrency hub. The European banking haven is facing an exodus of blockchain startups due to uncharacteristically tough banking conditions, Reuters reports.
2018-9-21 18:35 | |
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Maerki Baumann — a private bank based in Zurich, Switzerland — has announced it will manage its clients’ cryptocurrency assets. This makes it the second Swiss bank to make such an announcement following Hypothekarbank Lenzburg (Hypi), which stated in June that it would open business accounts for cryptocurrency companies.
2018-8-7 23:23 | |
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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.
2018-8-1 16:55 | |
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The Swiss Financial Market Supervisory Authority (FINMA) has today announced enforcement proceedings against crypto mining firm Envion. The regulators believe that the German-Swiss start-up has been operating in breach of national banking laws.
2018-7-27 23:00 | |
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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.
2018-7-25 22:45 | |
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Economy & Regulation Crypto companies based in Switzerland may receive access to regular banking services as early as this year. Also read: Swiss Crypto Company Acquires License to Distribute Funds to Investors Banks Expected to Offer Services by the End of the Year In terms of crypto development, Switzerland is now standing at a crossroad.
2018-7-6 08:31 | |
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Crypto companies based in Switzerland may receive access to regular banking services as early as this year. Political will and economic wisdom seem to be in place as some government officials and bankers are already working to resolve a serious issue.
2018-7-6 05:25 | |
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Switzerland businesses are urging their government to allow banks in the country to add cryptocurrency transaction system, says the Financial Times. In an exclusive interview to the economic publication, Crypto Valley’s Heinz Tannler says, “We hope to clarify relationships by the end of the year at the latest.
2018-7-3 23:23 | |
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Leading companies from the crypto sector in Ireland have complained they are being denied services by some of the country’s major financial institutions. Among the affected businesses are bitcoin exchange Bitcove, winner of the bank-sponsored “Best Business Startup” award, and Ireland’s “longest running” bitcoin broker, Eircoin.
2018-6-21 20:20 | |
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The Internal Revenue Service (IRS) issued temporary relief on crypto cost-basis reporting rules, potentially averting increased tax liabilities for digital asset investors. The decision reflects the agency’s recognition of the complexities in crypto taxation and the need for regulatory adaptability in response to evolving markets.
The Internal Revenue Service has simplified the reporting requirements in the latest iteration of Form 1099-DA, which crypto brokers and taxpayers will use to report digital asset transactions. According to the Aug.
South Korean authorities are considering postponing the controversial 20% crypto tax after the local crypto community raised concerns. Initially set to begin in 2021, South Korea‘s 20% crypto gains tax might now be delayed until 2028 amid fears that the…
South Korea’s crypto community alarms that the impeding 20% tax on crypto gains will drive away investors and can potentially ruin the market. As South Korea‘s 20% tax on crypto gains looms, the local cryptocurrency community expresses its concerns, saying…
A Florida lawmaker has introduced a bill that would greenlight Bitcoin as a payment method for U.S. taxes.
Can you take advantage of tax loopholes to avoid paying taxes on your digital currency exchanges? See three of the most common ones and why they don't work. The post 3 Common Cryptocurrency Tax “Loopholes” and Why They Don’t Work appeared first on CoinCentral.
The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on April 19. Ji Kim, Chief Legal and Policy officer at the Crypto Council for Innovation, wrote that the IRS’ approach is “unfortunate” as it does not recognize that unhosted wallet providers lack knowledge about […] The post IRS draft tax form for crypto defines unhosted wallets as brokers appeared first on CryptoSlate.