Cryptocurrency Dispute Divides Swiss Banking Dynasty
A generational conflict has erupted within a Swiss private banking dynasty over differing views on the future of the family firm and the role of digital assets.
Cryptocurrency Dispute Divides Swiss Banking Dynasty
A generational conflict has erupted within a Swiss private banking dynasty over differing views on the future of the family firm and the role of digital assets.
Tether Amasses $23 Billion in Gold Stored in Swiss Nuclear Bunker
Tether has transformed a former nuclear bunker in Switzerland into a storage facility for its gold reserves. In an interview with Bloomberg, the firm's CEO Paolo Ardoino revealed that the facility is heavily guarded.
Swiss Central Bank Chief Deems Bitcoin Too Risky for Reserves
Bitcoin is unsuitable for inclusion in state reserves due to cryptocurrencies’ lack of stability, liquidity, and security, according to Martin Schlegel, head of the Swiss National Bank (SNB), as reported by Swissinfo. Schlegel explained that high volatility renders digital assets unreliable for long-term value preservation. He stated that reserves must be immediately accessible for the […]
Swiss Regulator Declares FlowBank, Linked to CoinShares, Bankrupt
The Swiss Financial Market Supervisory Authority (FINMA) has initiated bankruptcy proceedings against the local online bank FlowBank. #FINMA eröffnet Konkurs über die FlowBank SA: https://t.co/DGxN8mzde5Informationen zum Konkursverfahren stellt die FINMA auf ihrer Webseite zur Verfügung: https://t.co/S00N1ASeVo pic.twitter.com/NkCOi88mB3 — Eidgenössische Finanzmarktaufsicht FINMA (@FINMA_media) June 13, 2024 “This measure became necessary because the bank no longer has […]
Swiss PostFinance Introduces Cryptocurrency Trading for Clients
On February 21, Swiss bank PostFinance launched a service for buying, selling, and storing digital assets. The financial institution serves a client base of 2.5 million people. PostFinance is leading the way in the Swiss financial sector and launching an innovative crypto service in the morning of 21 February 2024. All details can be found […]
Taurus Partners with Lido for Liquid Staking Integration
Regulated FINMA institutions will be able to offer clients liquid staking services thanks to a partnership between Swiss infrastructure startup Taurus and LSD provider Lido Finance. We’re thrilled to announce our strategic partnership with Lido Protocol, bringing custody and staking support for staked Ethereum (stETH) to Taurus-PROTECT! ?https://t.co/nLndZnvfCs@LidoFinance pic.twitter.com/Kc8bbFKlui — Taurus (@taurus_hq) February 14, 2024 […]
Santander offers cryptocurrency trading to Swiss clients
The Swiss-based private-banking arm of the Spanish bank Santander has opened the option for 210,000 high-net-worth clients to trade and store Bitcoin and Ethereum.
Swiss crypto broker Bity sues FINMA
The crypto broker Bity filed a lawsuit against FINMA over unjustified limits on digital-asset transactions.
Swiss National Bank to Launch Pilot Wholesale CBDC Project
The Swiss National Bank will soon issue a wholesale national digital currency on the SDX exchange as part of a pilot project, according to its chairman Thomas Jordan.
Media: Swiss authorities freeze Do Kwon’s crypto assets worth $26 million
The Swiss government blocked around $26 million in Bitcoin and other cryptocurrencies linked to Terraform Labs (TFL) and its CEO Do Kwon.We use cookies to improve the quality of our service.
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