2019-12-14 15:54 |
The Swiss government has quashed the idea of offering a digital currency, saying it currently presents more problems than opportunities
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It may not be the time yet to have an electronic Swiss Franc for the population. The Swiss government considers that there are more risks than benefits in this digital currency that could eventually destabilize the financial system.
2019-12-14 19:25 | |
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The Swiss government has knocked the proposal of creating a central bank digital currency off the table in response to the Swiss Parliament requesting the government to look into the prospects of creaThe post Switzerland's Federal Council states CBDCs may risk financial stability appeared first on AMBCrypto.
2019-12-13 17:38 | |
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A digital Swiss franc would do more harm than good and bring financial risks, according to the nation's government.
2019-12-14 15:30 | |
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The Swiss Federal Council has adopted a revised proposal to remove legal hurdles still holding up blockchain innovation, and will pass the legislation to the parliament.
2019-11-27 17:50 | |
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The Swiss Federal Council looks set to implement various reforms to provide greater legal certainty to the blockchain industry. If approved by parliament next year, the proposals would make Switzerland among the most forward-thinking governments in the world in terms of the adoption of distributed ledger technology.
2019-11-27 16:28 | |
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The Swiss government shares info on 3. 1 million foreign Swiss bank accounts with 75 partner states. Handelszeitung, a German-language Swiss weekly newspaper, reported Monday that the financial surveillance comprises some 7,500 financial institutions in the country, including banks, trusts and insurance companies.
2019-10-8 20:00 | |
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Mark Branson, Head of Swiss financial advisor FINMA, is in the news after he said that Switzerland is more concerned about cryptocurrencies being developed outside government scrutiny, than it is about Libra, the proposed cryptocurrency project by Facebook.
2019-10-2 19:30 | |
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The internet may be vulnerable to state intervention, but demonstrators in Hong Kong have found a way around it to stay connected to each other. As pro-democracy rallies rage in the territory, protestors are increasingly giving up on SMS, emails and China’s social media Swiss army knife WeChat in favor of peer-to-peer mesh networking apps like Bridgefy and FireChat.
2019-9-3 10:43 | |
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Anti-agorism Congressional Representative Maxine Waters still has misgivings about Facebook’s proposed Libra digital currency, even after meeting with Swiss government officials to discuss the tech last week.
2019-8-30 11:45 | |
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As volatility ravages the stock market, it is no surprise that demand for safe-haven assets is soaring. The controversial godfather of defensive assets, gold, has outperformed the S&P 500 year-to-date, and it’s undoubtedly no coincidence.
2019-8-8 00:00 | |
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The government of South Korea has recently declared Busan as a “regulation-free zone” for blockchain technology. This move was being expected for a long time, as the government had announced it a while ago.
2019-8-3 00:41 | |
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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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The emergence of a buzzing crypto tech startup scene around Zug’s Crypto Valley has given unusual blockchain projects the impetus to take big ideas to the market. As an example: the country’s biggest telecom provider, which is backed by the Swiss government, has announced Noow, a blockchain service that allows customers to access digital artworks.
2019-5-27 20:27 | |
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In a bid to eliminate regulatory uncertainty and promote innovation as well as investor protection, the Swiss Federal Council has launched a consultation paper aimed at making federal law applicable to its distributed ledger technology (DLT) ecosystem, this according to a press release on March 22, 2019.
2019-3-24 10:00 | |
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Mt. Gox rehabilitation trustee Nobuaki Kobayashi has reviewed the claims filed by the exchange’s creditors and we’ve included his announcement in The Daily. Also, Caspian launches crypto derivatives trading in partnership with Deribit, Facebook is looking to hire a blockchain lawyer, and Swiss lawmakers have tasked the federal government with adapting existing regulations to cryptocurrencies.
2019-3-22 15:01 | |
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In every country, the legislation involving cryptocurrency is still evolving. The Swiss government recognizes that there are some changes in the evolving atmosphere that make it necessary to adapt to its needs.
2019-3-21 19:06 | |
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Switzerland is getting closer to regulating cryptocurrencies. The Swiss Federal Assembly, the body tasked with handling government legislation in the country, yesterday approved a motion requesting the Federal Council regulate cryptocurrencies.
2019-3-21 18:54 | |
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The Swiss Federal Assembly, which handles government legislation, approved on March 20th a motion directing the Federal Council to regulate cryptocurrencies. Switzerland has long been recognized as a leading hub of blockchain and cryptocurrency technology, with the Swiss town of Zug internationally referred to as “Crypto Valley.
2019-3-21 15:52 | |
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Completing a project to build 3 million homes for its suffering population is the next big initiative Venezuela wants to finance with its digital currency, the petro. The socialist government in Caracas says there is enough money and materials to fulfill the main objective of the “Great Housing Mission.
2019-1-7 00:15 | |
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CoinSpeaker Switzerland Takes New Direction in Crypto and Blockchain Regulation The Swiss government wants to adjust its existing financial laws to the needs of the blockchain sector with a view to support its development.
2018-12-18 13:42 | |
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The Swiss government has advised regulators not to create new legislations but instead make adjustments to existing laws to accommodate companies in the blockchain and cryptocurrency space. The amendments should focus on enhancing Switzerland’s position as a blockchain-friendly country, the Swiss Federal Council said last week.
2018-12-18 22:53 | |
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The Swiss government has recently announced that it would take a new direction regarding its position on the use of cryptocurrencies and blockchain technologies, working out a strategy to create an appropriate legal framework to allow such technologies to flourish.
2018-12-17 16:51 | |
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The Swiss government has announced a new legislative approach to blockchain regulation in an official report. The document recognizes the technology as one of the most important recent developments for the financial sector in stimulating the country’s economy.
2018-12-16 03:00 | |
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Thailand's Democrat Party has become the first political party to use blockchain technology to elect its leaders in a primary election, which was held from November 1–9, 2018.
2018-11-14 01:06 | |
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One of the countries that have been recorded among the top crypto friendly countries is Switzerland. Its government has been able to give free access to banking services to crypto users and companies unlike countries like Japan, South Korea, and China.
2018-11-10 22:41 | |
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A computer virus that mines the anonymous cryptocurrency Monero has been ranked as the sixth most significant malware to hit Switzerland in the first half of this year. Swiss researchers also discovered that cybersecurity threats once focused on breaking into online banking services have pivoted to more efficiently attack cryptocurrency exchanges.
2018-11-8 19:33 | |
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After five long months of working with South Carolina officials, Genesis Mining has been dropped from the cease and desist order it received back in March 2018 from the South Carolina Securities Division.
2018-7-28 02:37 | |
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Banks in Switzerland are under pressure from the populace and the government to serve cryptocurrency and blockchain start-ups more and better. Two Swiss banks severed ties with cryptocurrency startups in the country recently, and some are planning to do so.
2018-7-23 21:33 | |
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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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The implementation of blockchain in public polls is in line with government plans to introduce eVoting in Swiss legislation.
2018-7-3 20:45 | |
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One of the seven members of Switzerland’s collective head of state stated that blockchain will someday “penetrate our entire economy,” according to a transcript published by the Federal Department of Economic Affairs, Education and Research today, June 21.
2018-6-22 00:56 | |
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In recent regulatory news, the United States Office of Government Ethics has issued a document advising employees of the U. S. executive branch to disclose their cryptocurrency holdings. In other news, Bank of Korea has rejected the notion of central bank-issued digital currencies, Crypto Finance AG has received licensing from the Swiss Financial Market Supervisory Authority […] The post U.
2018-6-19 12:10 | |
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In recent regulatory news, the United States Office of Government Ethics has issued a document advising employees of the U. S. executive branch to disclose their cryptocurrency holdings. In other news, Bank of Korea has rejected the notion of central bank-issued digital currencies, Crypto Finance AG has received licensing from the Swiss Financial Market Supervisory Authority […] The post U.
2018-6-19 12:10 | |
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Ethereum’s co-founder, Vitalik Buterin has advised Swiss City government to test blockchain petitions before digital voting. The Swiss city of Zug, which is known to be proactive in its support to the blockchain industry, recently announced that it would be launching a voting pilot which will base on both polling system and residents’ IDs on […]
2018-6-15 00:44 | |
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The Central Bank of Brazil has initiated the second phase of its central bank digital currency project, DREX, aiming to demonstrate trade finance as a new use case. In a press release on Nov. 19, Brazil’s central bank announced it…
According to the results of the 2023 BIS survey on central bank digital currencies and crypto, only 12% of central banks are planning to issue retail CBDCs in the mid-term. A recent survey by the Bank for International Settlements (BIS)…
The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy.
From legal issues to hackers, launching a CBDC is fraught with risks, and BIS has a big list of them to consider.
NITDA chief Kashifu Inuwa Abdullahi said it’s crucial to take proactive measures to harness AI benefits and mitigate threats.
The answer again is regulation, although this time the suggested regulation looks a lot like central bank co-option.
The answer again is regulation, although this time, the suggested regulation looks a lot like central bank co-option.