Swiss National Bank President Says Stablecoins Could Hamper Policy

Swiss National Bank (SNB) President Thomas Jordan said that stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy in some circumstances. Cryptocurrencies’ limited use as payment instruments On Sept. 5, Jordan spoke at the University of Basel, saying that he is convinced that cryptocurrencies are of limited use as payment instruments, stores of value…

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Swiss Crypto Banks Receive Licenses From Financial Regulator

The Swiss Financial Market Supervisory Authority (FINMA) has reportedly granted two banking and securities dealer licences to crypto-focused banks. Two Swiss crypto-specializing firms, Seba Crypto AG and Sygnum have received banking and securities dealer licenses, the banks said in separate statements on Aug. 26. With the new license, Seba expects to officially launch its new…

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World’s Oldest Watch Manufacturer to Use Blockchain for Tracking Timepieces

Swiss luxury watch and clock manufacturer Vacheron Constantin will start using blockchain technology to track its timepieces, lifestyle magazine Robb Report reported on May 24. Founded in 1755, Vacheron Constantin is recognized as the world’s oldest watch manufacturer. The company plans to issue a paper and digital certificate to each of its vintage watches, and…

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New President of Crypto Valley Association: “We Need to Bring the Capital Back Into the Valley”

It was rumbling in the beginning of February in Swiss Zug. The Crypto Valley Association (CVA) was undergoing a major reorganization. On Thursday, Jan. 31, the General Assembly of the Association elected former Swisscom manager Daniel Haudenschild as president of the CVA and the successor to Oliver Bussmann. The former CVA’s president, Oliver Bussmann, had…

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Ex-NATO Secretary General Bullish on Blockchain as He Partners With Swiss Startup

Swiss blockchain identity network Concordium has hired former Danish prime minister and NATO secretary general Anders Fogh Rasmussen as a strategic advisor, the company confirmed in a press release on March 20. The Concordium Foundation, the controlling entity behind the Concordium Network that launched a proof of concept in January, aims to tackle blockchain deployment…

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Swissquote Bank Launching ‘Nuke Proof’ Crypto Custody

Online banking and trading group Swissquote is launching a crypto custody service later this month. The Switzerland-based firm announced Friday that, starting March 21, retail and institutional customers will be able to transfer cryptocurrencies from external wallets to be stored in a Swissquote account. Swissquote has partnered with Zug-based Crypto Storage AG, a subsidiary of…

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