Tag: switzerland

Swiss Cryptocurrency Enthusiast Loses Hardware Wallet Containing $815,000

Over the years, there have been numerous incidents in which cryptocurrency enthusiasts lost access to their funds. Hacks, thefts, and throwing away a hard drive without a private key backup are all pretty common topics of conversation. In Switzerland, one enthusiast lost his shopping bag which contained his Ledger hardware wallet. That was a bad thing, as it seems highly unlikely this item will be returned to him. Shopping With a Hardware …
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Land Based and Online Casinos’ Status in Switzerland

Gambling was always extremely popular on the territory of Switzerland, whether banned or fully legalized. Only in 1993 gambling became a legal activity and now country has up to 20 land based casinos that offer fair gaming and a great selection of classic games. The oldest Swiss casino is believed to be Casino Barriere de Montreux that is located over Lake Geneva and was built in 1881. Well-known and popular …
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2017 Heralds The End of Swiss Bank Secrecy

The year 2017 is an important one for the Swiss banking sector. As of January 1st, the country’s financial institutions are now obligated to share banking information. This new regulation effectively ends Switzerland’s reputation as a tax haven. The collection of data begins this year, and information will be shared with other countries come 2018. No More Swiss Bank Secrecy Switzerland has been a global financial hub for several decades …
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Switzerland To Ease Up On Fintech Regulation Is Good News For Bitcoin

Switzerland is positioning itself as a region where both Bitcoin and fintech will thrive over the coming years. The government is looking to ease off on fintech regulation, although they may create specific licensing requirements. According to official sources, this move is part of a ‘forward-thinking approach” in this era of digitization. Less Strict Fintech Regulation Comes To Switzerland Even though Switzerland seems to do its own thing in the …
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