Tag: switzerland

Switzerland Set to Become ‘the’ Fintech Hub of 2020

For over a century now, Switzerland has functioned as Europe’s financial heart. Long famed for its banking elite and status as a globally renowned tax haven, it is home to some of the most powerful monetary institutions in the world.   Among these are not only banks and investment firms, but cryptocurrency and blockchain startups too. Drawn by the nation’s banking prowess, low taxes, elite universities, and the Swiss brand itself, …
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FINMA Approves new AML Guidelines for Crypto Exchange Transactions

Switzerland has proven to be a prominent region for blockchain and cryptocurrencies. That situation may come to change soon, following some new AML guidelines. It is evident that authorities are concerned about cryptocurrencies. More AML Restrictions in Switzerland This is especially apparent when it comes to money laundering and tax evasion. FINMA, the Swiss Financial Market Supervisory Authority, has come up with new guidelines. They are primarily interested in transactions …
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The Rise of Crypto Banks Begins in Switzerland

Switzerland aims to position itself as a European leader in the cryptocurrency world. This becomes apparent when looking at the adoption of crypto assets. Additionally, several banking licenses have been issued to what is referred to as “crypto banks” This is a clear sign the future of cryptocurrency looks somewhat promising. although no one should expect any miracles. .  Switzerland Forge Ahead There are several reasons why Switzerland is such …
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Switzerland Seeks Study on Issuing E-Franc Cryptocurrency

It seems not all countries have given up on the idea of creating their own national cryptocurrencies. For Switzerland, the current plan of action involves looking into a state-backed “e-franc”. The Swiss government may commission a report on the risks and opportunities associated with launching such a cryptocurrency in the future. The Swiss E-Franc Plan Over the past few years, various countries and central banks have made it clear that they are …
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