The Switzerland-based branch of a major Russian bank has also joined OpenVASP. Gazprombank Switzerland, a subsidiary of one of the largest banks in Russia, has piloted its Bitcoin (BTC) transaction service following regulatory approval by Swiss regulators. According to a Nov. 19 announcement, Gazprombank will provide its new cryptocurrency solution in collaboration with its long-running…
Read more
Blockchain will streamline trade from Europe’s grain belt. Following two years of pilot testing, a blockchain trade and financing platform for global agricultural trading has seen its commercial rollout from Swiss developer Cerealia SA. The launch follows extensive prelaunch trial implementation with firms from Algeria, Brazil, Dubai, Japan and Ukraine. In November 2018, Cointelegraph reported…
Read more
Canada’s central bank recognizes that CBDCs are a necessarily international issue. Canada doesn’t want any “surprises” regarding central bank digital currencies. In a recent interview with Reuters, Bank of Canada Governor Tiff Macklem doubled down on the country’s contingency-plan approach to CBDCs, stressing that he sees no urgent need to issue one right now. For…
Read more
How to use the opportunities that the Swiss regulatory system provides for crypto projects wisely to speed up the launch of your product. As the cryptocurrency world matures with more and more jurisdictions legalizing it and ensuring crypto becomes an industry standard, cryptocurrency receives a quality mark that proves that it can earn users’ trust.…
Read more
Without constant nurturing through communication and collaborative efforts, the pursuits of legislators and businesses would be fruitless. Repeatedly, proponents of disruptive technologies have proven that regulation and innovation have an immense potential to actualize a mutually beneficial existence. The often delicate relationship between innovators and regulators — which may be mired by antagonism — is…
Read more
The IRS has a strong interest in receiving information from informed whistleblowers about offshore crypto accounts and criminal crypto tax activity. The COVID-19 pandemic has forced governments worldwide to focus on bringing blockchain technology to their financial services, along with the needed regulatory upgrades to keep the burgeoning fintech industry clean. Related: Not like before:…
Read more
Libra gets another member as it strives to have 100 entities on board. The Facebook-initiated Libra blockchain project continues to grow as its governing body has added a new major industry partner. Blockchain Capital, one of the largest venture capital firms in the blockchain industry, has joined the Libra Association, according to an official Sept.…
Read more
Crypto and blockchain get better legal clarity in the alpine country. Swiss parliamentarians on Thursday passed a new set of finance and corporate law amendments that recognize the blockchain and cryptocurrency industry. As per a Swiss Info report, the government has amended several laws ranging from company bankruptcy to securities trading. The new set of…
Read more
The digital Swiss franc issuer is now licensed as a “digital asset trading facility.” Sygnum, a major cryptocurrency bank in Switzerland, is preparing to finally introduce digital asset trading after receiving regulatory approval. On Sept. 1, Sygnum announced that it received regulatory approval from the Financial Market Supervisory Authority, allowing the company to expand its…
Read more
Policyholders can pay in either Bitcoin or Ether through Bitcoin Suisse. A major health insurance provider in Switzerland has made Bitcoin and Ether payments available to its policyholders. According to an Aug. 31 announcement, Atupri Health Insurance is partnering with crypto financial services company Bitcoin Suisse for its 200,000 customers to make payments using Bitcoin…
Read more
